According to the Nigerian Institution of Estate Surveyors and Valuers
(NIESV), there are about 200 privately owned jets in Nigeria, all
purchased for about N1.3trillion. This was disclosed at an
international seminar on plants and machinery valuation with focus on
aircraft, oil and gas installations in Lagos.
The coordinator of the seminar, Paul Osuji, said that because of time
constraints and other factors, the number of private jets would
continue to be on the increase. He said that the seminar was organized
to train their members on plant and machinery valuation, noting that at
times, people purchase properties without knowing their real worth.
According to him, professionals in Estate Surveying and Valuation are
trained to value aircraft before they are paid for and brought into the
country.
Osuji said that they have valued most of the private jets that are
plying the Nigerian airspace “We are mandated by our profession to
constantly train and retrain our members. After the last Dana Airlines
crash, a lot of attention had been drawn to the aviation sector. People
now want to know the airworthiness of the aircraft they want to pay for
or they want to fly in. That is why we organize this seminar and most
often, we bring our colleagues from other parts of the world to come and
share their knowledge with us.”
