Firm partner with UK College to train 255 estate surveyors on modern technology

In its effort to boost the capacity of estate surveyors and valuers across the country, the College of Estate Management Reading Alumni Association of Nigeria (CEMRAAN) in partnership with the United Kingdom University College on Estate Surveyors has trained about 255 estate surveyors across Nigeria on modern technology..

The founder of CEMRAN Johnbull Amayaevbo during a media interaction at the weekend in Abuja disclosed that the training, which took place in various centres in the geopolitical zones, was to acquaint their members with new technologies such that they would be able to benefit from the increased investment in the real estate sector.

Amayaevbo who is also the 2nd Vice President of the Nigerian Institution of Estate Surveyors and Valuers (NIEVS) noted that the major challenges facing estate surveyors in Nigeria is the application of modern techniques to the practical situation, stressing the need to adapt to standards of valuation which the International valuation standards.

“Not that we do not know some of this standards, but it’s not everybody know how to apply some of these new techniques to a practical situation, so it was a very enriching training” he stated.

Amayaevbo further disclosed that NIEVS have signed a partnership agreement with the University to train valuers in further areas of their profession to commence April 5-19 2019

The training according to him would centre on the valuation of infrastructure transportation, including roads, bridges aircraft, helicopter, ships, vessels, refineries, adding that they would also be trained on a valuation of oil wells, and other minerals, environmental and oil spillages.

The Program Leader University College of Estate Management David Hunt pointed out that there is a big gap between what is been taught in school and the way investors in the developed world, stressing the need for estate valuers to deploy sophisticated technologies to modern-day estate development.

He said Nigeria Real Estate is ready for international investors, saying estate valuers to have the right knowledge for specific things that would help foreign investors smoothen the process and manage expectations.

He said “part of the teaching was to let the estate surveyors know that the Nigeria real estate is ready for international investment and the investors can be from any part of the world and it is expected that valuers have the right knowledge and my target was to equip valuers with specific items that foreign investors might need to meet there expectations “.

He noted that major things that would attract foreign investors is the fact that there is improved infrastructures, the government is becoming more stable, increased transparency in government, increasing population and the economic development.