RECENT GOVERNMENT POLICIES ARE CRUCIAL TO PREVENT ECONOMIC COLLAPSE - TINUBU

President Bola Tinubu has assured that the recent government policies are not intended to punish Nigerians but are necessary to prevent economic collapse. 

Speaking at the 55th Annual Conference of the Nigerian Institute of Estate Surveyors and Valuers (NIESV) where he was represented by the Minister of Housing and Urban Development, Ahmed Dangiwa, President Tinubu reiterated his commitment to diversifying the economy and expanding revenue sources through tax reforms.

The President explained that the reforms are aimed at creating a more investment-friendly environment, particularly in the real estate sector, and to boost job creation and economic growth. 

The conference brought together stakeholders to discuss the intersection of real estate and fiscal policy, with experts identifying challenges such as informality, data fragmentation, and inconsistent valuation standards as obstacles to effective taxation. 

In his remarks, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji, who was represented by his Chief Economic Adviser, Professor Mohammed Salisu, described the real estate sector as a vital but under-assessed part of Nigeria’s economy.

Adedeji also called for cooperation from NIESV in standardizing property valuation methods and supporting the implementation of reforms.

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