Nigerians have invested about N1.3 trillion in the acquisition of private jets in the last three years, according to the Nigerian Institution of Estate Surveyors and Valuers (NIESV). The institute disclosed this in Lagos recently at an international seminar on plants and machinery valuation with focus on aircraft, oil and gas installations. The NIESV said that the number of privately-owned jets in the country has jumped from 50 in the last three years to 200

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.

We are the only profession that is authorized by law to place value on any property .We are professionally trained to value properties and there is a world of difference between assessing a machinery and placing value on it. When the engineers assess a machine, what they are trying to find out is its workability. That has nothing to do with the value of the machine .It is the surveyors and valuers that have the requisite knowledge as well as the expertise to place values on items,"Osuji said.

In his opening remarks, NIESV president, Emeka Eleh, said that it is only by constant training that the members could differentiate themselves from quacks. He said if the members become proficient in their professions, when outsiders deal with them and the quacks, they would have no cause to patronize the quacks.

Source: http://odili.net/news/source/2012/dec/3/514.html

so?

why has the news of private jets become such a big deal in Nigeria??

So what next?

You see

bunch of Thiefs, imagine pastor own private jet while his followers dying whith hunger,

Meaning

why always thread of private jets on nairaland? see mumu moderator,he don run put am to front page.na wa o

My own jet on the way

Maintenance cost must be high??
My keke napep is currently grounded, chei fuel.

my own is on d way.

If I'm not mistaken, N1.3 trillion is about one-quarter of the federal budget.. Amazing.

Meanwhile, the domestic carriers have a total of 50 planes in their fleet.

Waiting concern me concern private jet Abeg make them carry their wahala shift one side matcheeeeeeeeen private jet ko' private jet ni'

Minion: Ur Wickedness! There are over 200 private jet in Nigeria!
Hades: So what?! No matter how high they fly, shall they not still succumb to the depths of the underworld?!
Minion: My King! I never actually thought of that

mr atom: bunch of Thiefs, imagine pastor own private jet while his followers dying whith hunger,

wait must you bring pastor into this,? Or was the article specific?

pat077: my own is on d way.

Oh boy, u don open church?

Summary? Anyone?

na who come change NL background again?

mr atom: bunch of Thiefs, imagine pastor own private jet while his followers dying whith hunger,

How many people them go feed?

Hw wil dis news reduce d cost of fud item in d market

jimino: Hw wil dis news reduce d cost of fud item in d market

i tire ooo

All these happening in GEJ's regime. Next, they would start giving National Honours to thieves.

OK

my frnd, dat is d truth. churches are suppose to be paying taxes dis time around cos they are running a private limited liability company.

Just 200? As big as Nigeria is? Unbelievable! Do these people even know 123 at all?

This is just a travesty, a country like Nigeria where most people survive on less that a dollar a day has 200 private jets whereas many developed nations with much much higher standards of living can't boast of such.

What a small number, Mine is on the way too.

Lookin' 4ward 2 gettin' 1 too...someday!

We are the only profession that is authorized by law to place value on any property .We are professionally trained to value properties and there is a world of difference between assessing a machinery and placing value on it. When the engineers assess a machine, what they are trying to find out is its workability. That has nothing to do with the value of the machine .It is the surveyors and valuers that have the requisite knowledge as well as the expertise to place values on items,"Osuji said.

This is the most ignorant statement in this epistle - how can engineers determine its workability if they don't have a knowledge about it's parts and components that determines its value? For instance, what Boeing engineer doesn't know the actual value of an aircraft engine? Is it not his assessment of all it's parts, components etc that thus determines the value?

I'm no engineer but this is an insult to their profession, what rubbish. So Eng. tells them it works, how do they know for certain, it life cycle as well as other engineering to determine it's real value?

Pastor Ola: What a small number, Mine is on the way too.

Very small, Pastor.




What is the name of your church, Pastor? I know 4 has beens and they are searching for a good church to worship. They still have bales of hard currency. I am sure you're 'called'. You will lead them in a righteous way.