The Institute of Appraisers and Cost Engineers, a division of the Nigeria Society of Engineers, has called for the mainstream adoption of engineering valuation, cost engineering and engineering economy practices across Nigeria’s public and private sectors.
It said the disciplines are critical to reducing waste, improving project delivery and achieving long-term value for infrastructure investments.
The call was made on Thursday at the institute’s 2026 National Technical Conference held at the Nigerian Merit Award House, Maitama, Abuja, where members also inaugurated Bello Kwalli as the new National Chairman following the completion of Ike Iwenofu’s two consecutive terms in office.
The conference, themed “Engineering Valuation, Cost Engineering and Engineering Economy Solutions in Emerging Economies,” also featured the induction of new Fellows, Accredited Senior Engineering Valuers and Cost Engineers, as well as Accredited Engineering Valuers, Cost Engineers and Engineering Economists.
In his welcome address, the outgoing National Chairman, Iwenofu, said Nigeria could significantly improve the performance of engineering projects by embracing globally recognised cost engineering and valuation practices.
