Institute of Appraisal and Cost Gives Seal of Practice to deserving members . By CHiNONYEREM IGWE Abuja

The National Chairman of the Institute of Appraisal and Cost Engineering in Nigeria, Engr. Bello Kwallii, has described the induction of new members into the Institute as a significant milestone for every practicing appraisal and cost engineer in the country.
Speaking to journalists after the induction ceremony at Merit House, Maitama, Abuja, he stated that the induction represents the final step through which any appraisal and cost engineer affirms the authenticity and credibility of his credentials. He further noted that, with induction, members would no longer be viewed as “quarks” within the profession.
Engr. Bello reiterated the critical role of appraisal and cost engineering in the evaluation and design of any structure. According to him, as engineers trained in valuation and cost analysis, members of the Institute deserved recognition and should be regarded as valuable engineering assets—particularly in the areas of engineering assets valuation.
In response to questions from journalists, a Fellow of the Institute, Engr. Zamani Is-hay, called on the Federal Government—through the Central Bank of Nigeria, the International Financial Reporting Council, in collaboration with the Bank of Industry and other relevant stakeholders—to enforce existing laws governing engineering appraisal and costing. He added that such enforcement would help prevent avoidable losses, thereby conserving funds that could be directed toward other developmental priorities, including private and public participation (PPP).
The occasion witnessed the induction of over thirty appraisal and cost engineers, who were presented with the seal of practice.

Comments

Post a Comment

Popular posts from this blog

Engr. Dr Wuraola Owolabi Advises Young Engineers to be Digitally Prepared to Face the Dynamic in Engineering Profession. By CHINONYEREM IGWE, Abuja.

Image
A passionate  Engineer,and a memberof North Central Development Commission representing South West Goe-political Zone, Engr(Dr.) Atinuke Wuraola Owolabi has disclosed that engineering is about infrastructure and projects and infrastructure is the basic  foundation and the foundation for any meaningful growth in any country. Engr.(Dr) Wuraola Owolabi made the assertion yesterday at the National Headquarters, Nigeria Society of Engineers Abuja, during the  Nigeria Society of Engineers Bwari Branch organized their Annual General Meeting and Conference that will culmnate in the induction of engineers  into Bwari Branch. According to her for a society to move forward  it needs to have engineering infrastructures and projects that would stand the test of time and of international standards and also meet the needs of the  project or infrastructure. With the theme of the Conference ' Sustainable Infrastructure, Resilient Nation: Engineering Solutions fo...
Read more

Iam APC and I cannot Be Jettisonsend,My Governorship Ambition is On course. By Owen Enemari, Abuja

Image
One of the Governorship aspirants in Benue State for the 2027 general,Arch.Anthony Obekpa has vowed never  to bowdown to any internal or external pressures ,that he was one three pioneers  people that brought  the All Progressives Congress (APC) to Benue State.  and so he sees All Progressive Congress  as one family and see no reasons  defectiing  to any other political party. Arch. Anthony Obekpa made declaration in his office  recently during an interview with newsmen. The outspoken  politicians,dispelled rumours making waves that he wants to defect into another . party as a blatant lies, being.carrid around by people who do not want progress and development in Benue State .   Arch.Obekpa swore  to remain in APC till the kingdom come, adding that ‘’the moment I leave APC, then I have quit politics altogether.’’,he said. Expressing his views on the two Congress that produced different chairmen in the State, he made it c...
Read more

Abians are Ready to Vote Alex Otti Comes 2027, Says Hon Ginger Onwusibe. By CHINONYEREM IGWE

Image
Governor Alex Otti’s tenure in the governance of Abia State signifies a remarkable transformation in the narrative surrounding the state’s administration. From decades of public disillusionment with infrastructural deterioration and governmental ineptitude, we now witness a period characterized by palpable development, strategic foresight, and institutional reforms. Indeed, the metamorphosis is akin to the contrast between night and day. No administration is devoid of critics and challenges, yet juxtaposing the previous administrations of Abia State with the current leadership of Dr. Alex Otti is reminiscent of comparing hell and heaven, stagnation and progressiveness, or, in the vernacular of the locale – Egypt and the Promised Land of Canaan, as aptly depicted in the Bible. For over 24 years (1999–2023), the decline and governmental unresponsiveness escalated to alarming levels. The immediate past administration left an indelible negative impression on the populace, promp...
Read more