HEADS OF PRACTICE (HOP) BUSINESS EXECUTIVE FORUM
The Nigerian Institution of Estate Surveyors and Valuers (NIESV), Lagos State Branch held her Heads of Practice (HOP) Business Executive Forum at the prestigious Lagos Sheraton Hotel and Towers, Ikeja, Lagos on Wednesday the 19th of February, 2020.
Speaking at the forum was Esv Victor Adekunle Alonge, FNIVS, FRICS, who spoke on the topic “Practical Guidance on Green Book Compliant Valuation” and Mrs. Marie-Therese Phido, the Chief Responsibility Officer, Elevato who
spoke on “Practice, Partnership and Collaboration”.
ESV Alonge said the appropriate valuation standards and their effective regulations have become vital to promoting and sustaining public confidence and trust in the valuation process. He also made a case for the Green Book which is an adoption, incorporation and domestication of the IVSC International Valuations Standard as a regulatory document under the powers of the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) as contained in its establishment Act – Cap E13 LFN 2007. The Nigerian Valuation Standards known as the Green Book was presented on the 12th of December 2018 as a set of mandatory rules and guidelines for Registered Surveyors and Valuers (RSVs) to follow when they are undertaking valuations, being the only set of professional licensed to practice valuation in Nigeria. Stating the purpose of The Green Book, he said it is to provide an effective framework within the rules of conduct so the user of valuation services can be confident that a valuation by a registered valuer is consistent with IVSC International Standards. Highlighting the pros of the Green Book at the forum, Alonge said it brings with it, assurance, professionalism and quality, clarity, technical expertise, knowledge, consistency, skill improvement and transparency.
The second Guest Speaker, the CRO Elevato, Mrs. Marie-Therese Phido, who spoke on Practice, Partnership and Collaboration, said Partnership is essential in any organization or group because it enables workers to work productively with colleagues whereby leading to innovation, creativity and change. She also encouraged colleagues to partner with other professions to foster the growth of the Institution. Phido encourage the Estate Surveyors and Valuers to be a bit more open in the growth of their individual practice and an institution to promote the brand of the Estate Surveyors and Valuers as well as the Institution. She further encouraged all practitioners to imbibe the 5 soft skills (creativity, persuasion, collaboration, adaptability, emotional and intelligence) and 10 hard skills (blockchain, cloud computing, analytical reasoning, artificial intelligence, UX design, business analysis, affiliate marketing, sales, scientific computing and video production), essential for business success and growth in the year 2020. Through her engaging and interactive session, the participants were able to identify various challenges facing the profession and its members in today’s business environment and some solutions were proffered.