Experts at an estate surveyors' conference in Lagos said public-private partnerships need ethics above all else to work. The event was run by the Nigerian Institution of Estate Surveyors and Valuers. A speaker named Dr. Samson Agbator argued that these projects fail without transparent procurement, becoming liabilities instead of assets.
He stated that infrastructure spending is set to dominate national goals. New laws and big loans, like a Senate-approved $22 billion package, will drive this. He told surveyors and valuers that they are essential for setting valuation standards and doing feasibility studies that attract investors. With a nearly nine-hundred-billion-dollar infrastructure deficit predicted, he called this their moment to innovate.
Another speaker, Ayo Oladapo, outlined the current PPP rules under the ICRC Act. Projects worth over twenty billion naira need full federal cabinet approval. The institution's president, Victor Alonge, emphasized ethics and continuous learning for professionals. He noted their role is even more critical now, as new insurance laws require their valuations for coverage. Everyone agreed the field must adopt new tech and specialized skills to actually build anything.
He stated that infrastructure spending is set to dominate national goals. New laws and big loans, like a Senate-approved $22 billion package, will drive this. He told surveyors and valuers that they are essential for setting valuation standards and doing feasibility studies that attract investors. With a nearly nine-hundred-billion-dollar infrastructure deficit predicted, he called this their moment to innovate.
Another speaker, Ayo Oladapo, outlined the current PPP rules under the ICRC Act. Projects worth over twenty billion naira need full federal cabinet approval. The institution's president, Victor Alonge, emphasized ethics and continuous learning for professionals. He noted their role is even more critical now, as new insurance laws require their valuations for coverage. Everyone agreed the field must adopt new tech and specialized skills to actually build anything.
