The Institution was recognized by the Federal government of Nigeria by the enactment of the Estate Surveyors and Valuers (Registration Act)” Decree No.
b) To secure and improve the technical knowledge which constitutes land economy including Valuation or Appraisal of Real Estate and such fixtures and fittings thereto including plant and machinery; Land Management and Development Investment and Town Planning and to facilitate the acquisition of such knowledge by working in close collaboration with Universities, Institutions of Higher learning and other professional bodies; c) To promote the general interests of the profession and to maintain and extend its usefulness for the public good by advising members of the public.
The Profession And The Institution The profession of Estate Surveying and Valuation is defined as the art, science and practices of: A) Determination the value of all description of property and of the various interests therein; B) Managing and developing estates and other businesses concerned with the management of landed property; C) Securing the optimal use of land and its associate resources to meet social and economic needs; D) Determining the structure: and the condition of building and their services and advising on their maintenance, alteration and improvement; E) Determining the economic use of land resources by means of financial appraisal for the building industry; and F) Selling (whether by auction or otherwise) and buying or letting (as an agent) of real and personal property and of any interest therein The Nigerian Institution of Estate Surveyors and Valuers is a non-profit, voluntary, professional organization set up in 1969 to cater for the interest of the landed profession in Nigeria.
The Institution was accorded official recognition six years later by the promulgation of the Estate Surveyors and Valuers Registration Act (see laws of Nigeria 1990.
Collectively, members of the Institution have made contributions to national discourse with a view to influencing the formulation of appropriate policies, especially on land matters.
Individual members of the institution also made valuable contributions towards the relocation of the Federal Capital Territory, Abuja and in the formulation of new land policy for Lagos State.
They have also served on lands tribunals and rent control panels at state and local government levels, and participated effectively in the development and management of urban areas.
There are three classes of membership, namely professional (Associate and Fellows), Non-professional members (Graduates, probationers and students) and Honorary members (persons who are not engaged in the practice of the profession but by reason of position, experience or eminence, assist in promoting the object of the profession the grand patron of the institution is the President and commander-in-chief of the Armed Forces of the Federal Republic of Nigeria, while the state governors are the Patrons of the institution.
The council consists of the following category of officials, namely; officers of the Institution, Un-official members, the Registrar of the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON), and Chairman of state branches of the institution Assisting the council in policy formulation and implementation are nine (9) standing committee and a number of ad-hoc committee.
The Institution also organizes non-formal, but gradual training programme for those candidates who cannot undertake the regular full time education in Estate Management.
Financial support, such as assistance to write and publish professional books made available to members of the Institution in academia to support the personal career paths and to complement these; the Institution has established a foundation known as NIESV Research Foundation to carry out research into specific areas of Estate Management and Real Estate related issues.