The Nigerian Institution of Estate Surveyors & Valuers (NIESV), Lagos branch has stressed the need for increased collaboration among firms in the sector highlighting that such partnerships are essential for fostering efficiency and profitability.
The NIESV noted that when firms work together, they can contribute significantly to the development and regulation of the real estate sector, ultimately benefiting the broader economic landscape.
Speaking at the NIESV annual Heads of Practice Assembly 2025 which held in Lagos under the theme, ‘Thriving in a VUCA environment’, chairman of NIESV Lagos branch, Gbenga Ismail further explained that partnerships among firms would also assist them to thrive in a volatile and uncertain environment.
According to him, the theme of the event was ideal as it gave the participants opportunity to discuss issues about challenges, opportunities that are going on in the environment.
In his words: “We are all aware of what technology is doing to everybody’s business. So, if you are not aware about technology and the issues that are coming up, or how to use technology to your advantage, then you are going to extinct.’’
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On employee welfare package as an incentive for production, NIESV chairman described employee welfare as the greatest thing adding, “If the reward is not right, they will not stay. If the skill is not there, they will not understand. So, the welfare employee benefit is simply how do we retain our employees within our business to keep it sustainable continuously.’’
Similarly, president of the Nigerian Institution of First Aid Surveillance and Values, Victor Alungue stressed the need for enhanced collaboration between NIESV and the government entities, saying that such partnerships are essential for fostering a more stable and efficient economy.
Continuing he said: “Government needs to take advantage of our professional expertise, all over the world especially in developed systems, Europe, United Kingdom, America, government utilises the expertise of professionals. And I think we want to see more of that in our country.’’
While acknowledging the contributions of the real estate sector towards revenue generation and the economic growth in Lagos state, Bode Adediji urged the members to drive what they are doing with knowledge, professional and experience.
“The first thing is to have the knowledge that we are living in a period of time that is VUCA, If they know that the kind of advice they give to clients, the kind of advice they give to investors will actually emerge.
High points of the event were panel discussions on employee welfare as an incentive for productivity; firms’ collaboration on effective profitability; firm structure and growth pattern.
