Business
NIESV Charges New Inductees On Professionalism
The Nigerian Institution of Estate Surveyors and Valuers (NIESV) has inducted 242 newly registered estate surveyors and valuers at its annual induction held in Abuja.
The new inductees were afterwards urged to uphold the best professional ethics and standards to be successful in their chosen field.
The Dean, Faculty of Environmental Design and Management at the Obafemi Awolowo University, Prof Bioye Aluko, gave the charge in a lecture he delivered on the topic, ‘Estate Surveying and Valuation Profession in Nigeria – Unbundling Latent Competencies and Developing New Frontiers’.
He said estate surveyors and valuers must be competent in the application of theoretical knowledge to carry out estate surveying and valuation projects, adding that by their admission into associate membership cadre, the inductees had sent signal to employers that they were ready for employment.
He said the areas of competencies and skill sets required must involve technical knowledge, business competence, cognitive competence, communication skills, time management skills and ethical and professional competence.
Aluko also commended the leadership of NIESV under Mr. Emeka Eleh for their consistent emphasis on capacity building through continuous and mandatory development programmes.
“Training is the key to professional development and this is one area the leadership of NIESV has excelled because the quality of programmes and the resource persons are such that the junior members cannot easily afford outside,” he said.
Eleh urged the new associate members to practise within the bounds of the ethics of the profession.
“In Estate Surveying and Valuing, you will have the temptation to cut corners just as in any other calling but the long term benefits of acquiring the right skills and competencies cannot be quantified,” he said.
The Chairman, Induction Planning Committee, Mr. Victor Ayeye, said the induction ceremony was “unprecedented in the annals of NIESV induction ceremonies.”
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.