{"id":118340,"date":"2025-05-05T18:11:55","date_gmt":"2025-05-05T17:11:55","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=118340"},"modified":"2025-05-05T18:11:55","modified_gmt":"2025-05-05T17:11:55","slug":"niesv-urges-credible-valuation-in-government-policy-decisions","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/niesv-urges-credible-valuation-in-government-policy-decisions\/","title":{"rendered":"NIESV Urges Credible Valuation in Government Policy Decisions"},"content":{"rendered":"<div id=\"m#msg-f:1831289083508333660\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">Daniel Adaji<\/div>\n<div id=\"m#msg-f:1831289083508333660-content\" class=\"mail-message-content collapsible zoom-normal mail-show-images \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div><\/div>\n<div>The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on governments at all levels to prioritize credible asset valuation in all economic policy decisions, especially in the ongoing tax reform agenda.<\/div>\n<div><\/div>\n<div><\/div>\n<div>Speaking during a press conference in Abuja on Monday to mark the 2025 International Valuation Day, the President and Chairman of NIESV Council, Victor Alonge, stressed that accurate valuation is the bedrock of fair and effective taxation.<\/div>\n<div><\/div>\n<div><\/div>\n<div>He warned that without credible data on asset worth, tax policies risk being arbitrary and unjust, undermining government revenue and public trust.<\/div>\n<div><\/div>\n<div><\/div>\n<div>\u201cBefore tax is imposed on any asset, its true and fair value must be determined through proper valuation. That is the only way to ensure fairness and transparency,\u201d Alonge said.<\/div>\n<div><\/div>\n<div><\/div>\n<div>This year\u2019s International Valuation Day has the theme: \u201cTax Reform for National Economic Prosperity: Why Valuation Matters.\u201d According to Alonge, the theme is timely as the federal government intensifies efforts to overhaul the tax system through a bill currently before the National Assembly.<\/div>\n<div><\/div>\n<div><\/div>\n<div>Alonge emphasised that valuation is not just about real estate, but also applies to businesses, intangible assets, financial instruments, and public infrastructure.<\/div>\n<div><\/div>\n<div><\/div>\n<div>He noted that valuation in line with International Valuation Standards (IVS) builds investor confidence, supports sound financial decisions, and drives economic stability.<\/div>\n<div><\/div>\n<div><\/div>\n<div>The NIESV president urged both federal and state governments to fully integrate valuation professionals in policy planning, procurement, and taxation processes, warning that giving valuation contracts to unqualified persons is illegal and detrimental.<\/div>\n<div><\/div>\n<div><\/div>\n<div>\u201cValuation is a technical and regulated service. It is the sole prerogative of trained Estate Surveyors and Valuers under the law,\u201d he said.<\/div>\n<div><\/div>\n<div><\/div>\n<div>He added that Nigeria\u2019s development goals cannot be achieved without accurate valuation of national assets, stressing that many public assets remain undervalued or completely unaccounted for.<\/div>\n<div><\/div>\n<div><\/div>\n<div>Alonge also announced that the institution\u2019s 2025 Annual National Conference would run this week in Abuja, ending with its Annual General Meeting on May 10. President Bola Tinubu and Senate President Godswill Akpabio are expected to attend as special guests.<\/div>\n<div><\/div>\n<div><\/div>\n<div>He reaffirmed the NIESV\u2019s commitment to global best practices and continuous professional development, stating that the institution will keep advocating for valuation as a vital tool for national development.<\/div>\n<div id=\"m_-892839146455675780ymail_android_signature\"><\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Daniel Adaji The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has called on governments at all levels to prioritize credible asset valuation in all economic policy decisions, especially in&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":118341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-118340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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