Nigeria can earn N500tr from valuation, says NIESV

Minister of Finance, Taiwo Oyedele
Minister of Finance, Taiwo Oyedele

The Nigerian Institution of Estate Surveyors and Valuers (NIESV) is convinced that valuation alone has the potential for unlocking N500 trillion through various sectors of the economy, including oil and gas.

The institution also commended Federal Government‘s efforts in rebooting the economy through reforms, stressing that what needs to be done is reimagining the economic architecture in a way that will fully unlock the nation’s vast potential and wealth, move the economy from its present recovering state to a state of rapid, sustainable development.

Speaking ahead of the 2026 International Valuation Day in Abuja, President of the institution, Mallam Bature Ali Muhammad, emphasised that valuation is crucial for Nigeria’s economic transformation.

He said: “It is not in contention that the government’s bold economic reforms have begun to yield positive results, and the nation’s troubled economy is already showing promising signs of recovery, a positive trajectory, I would say. But then, a fundamental reimagining of Nigeria’s economic architecture, such that will fully unlock the nation’s vast potential and wealth, move the economy from its present recovering state to a state of rapid and sustainable development, the one that guarantees national prosperity, should be our focus and objective.

“As a critical stakeholder and key driver of Nigeria’s economic development, the NIESV is using this opportunity to remind the government, policy makers, government agencies and institutions, the organised private sector, and other stakeholders in the Nigerian project that valuation is a critical process in unlocking Nigeria’s vast resources, vast economic potentials, wealth, and in building economic prosperity.