FG Tasks NIESV To Address Challenges In Real Estate Sector

President Bola Tinubu has called on the Nigerian Institute of Estate Surveyors and Valuers (NIESV) to address the challenges in the real estate sector and position it for international investment.
Tinubu gave the charge at the 55th Annual Conference of the Nigerian Institute of Estate Surveyors and Valuers (NIESV) in Abuja with the theme “Transform, Invest, Drive: Optimising Real Estate Finance and Taxation.” .

The president was represented by the minister of housing and urban development, Ahmed Dangiwa who in turn, was represented by Dr Edna Tobi, the special assistant for international cooperation and partnership in the ministry.

The president said his administration remained committed to diversifying the economy and expanding revenue sources.

He emphasised the crucial and indispensable role of real estate practitioners, specifically estate surveyors and valuers, in this process.

He said “These reforms are designed to create a more conducive environment for real estate investment and to stimulate economic growth and job creation.

“When we align the proposed tax reform with the theme of your conference, Transform, Invest, Drive, Optimising Real Estate Finance and Taxation, it becomes crystal clear that NIESV is as concerned and interested as other Nigerians in this process.”

He urged the conference, composed of experts and stakeholders in the real estate industry, to deliberate on the critical issues of investing, transforming, and thriving in the real estate markets.