Keynote Speaker Highlights NIESV's Role in Regenerating the Economy through Private Sector Funding and Management
Ilorin, Kwara - On the 22nd of June, esteemed business leader Mr. Yemi Idowu Managing Director of Aircom delivered a thought-provoking speech as the keynote speaker at the 53rd Annual National Conference of the Nigerian Institute of Estate Surveyors and Valuers (NEISV). The conference, held in Ilorin, focused on the theme, "The Challenges of Public-Private Partnerships (PPP), Concessioning and Optimizing Derelicts, Underperforming and Abandoned Government Assets to Regenerate the Economy: The role of NIESV and Private Sector Funding and Management."
Mr. Idowu, a renowned entrepreneur and advocate for sustainable economic development, captivated the audience with his insightful address. The speech shed light on the hurdles associated with public-private partnerships (PPP), concessioning, and the optimization of derelict, underperforming, and abandoned government assets for economic regeneration. He emphasized the pivotal role that NIESV, private sector funding and management play in this regard.
The crowd, which included the special guest of honor His Excellency John Dramani Mahama, former President of Ghana, Mr Kayode Alabi, Deputy Governor of Kwara State, His Royal Majesty the Olofa of Offa, Estate surveyors, valuers, government officials, and industry experts listened intently as Mr. Idowu articulated the challenges that impede the effective utilization of government assets for economic growth. He emphasized the importance of a strong PPP framework and a proactive approach to concessioning as critical components for exploiting underutilized assets to spur economic development.
Mr. Idowu's speech delves into the complexities of developing successful PPP arrangements. He stressed the value of transparency, accountability, and the development of mutually beneficial collaborations between public and private institutions.
He focused particular emphasis to the industry's lack of data analytics and how data-driven decisions might help the concessioning process. The modern estate surveyor is capable of guiding clients utilizing data metrics to add value to transactions. Professionals can also use their industry knowledge to help the government.
He went on to talk about the importance of regulatory frameworks and the necessity for streamlined processes to enable efficient implementation and long-term sustainability.
The presentation highlighted the critical role NIESV plays in driving the optimization of government assets. He commended the institute's leadership in positioning the profession for the anticipated government reforms and confirmed that NIEVS is fully equipped to play a pivotal role in identifying and repositioning delinquent government assets.
They are also uniquely positioned to provide the necessary guidance and professional support for asset regeneration projects. He called for increased collaboration between NIESV, the private sector and government to unlock the untapped potential of these assets.
Mr. Idowu stressed the importance of asset optimization and innovative financing models from private investors to breathe new life into derelict, underperforming, and abandoned government assets. By attracting private capital, these assets can be transformed into vibrant economic centers, generating employment opportunities and contributing to the overall prosperity of the nation.
Throughout his speech, Mr. Idowu shared real-life success stories of PPPs and asset optimization projects from around the world. He drew upon examples of redeveloped properties and repurposed infrastructure, highlighting the positive impact such initiatives have had on local economies and communities.
While thanking the Kwara State government for their hospitality, he drew warm applause when he commented on the impact of the 53rd Annual Conference on hotel bookings and business activities in Kwara State during the event.
The attendees left the conference with renewed enthusiasm for opportunities surrounding PPPs, concessioning, and asset optimization. The event served as a call to action for NIESV and the private sector to work hand-in-hand in transforming dormant government assets into vibrant economic hubs.
Overall, the 53rd Annual National Conference of NEISV provided a platform for all stakeholders to engage in meaningful discussion and strategies for economic regeneration, innovation and the pursuit of sustainable development in Nigeria.
As the conference came to a close, participants expressed their gratitude to their invited guests and we all look forward to next year.
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