Demdem: How can u properly place a value on a machinery when u can't assess it.
U don't even understand its configurations and workings.
These valuers needs to be careful and place value on what they fully understand.
Engineers are best qualified to place the right value on their machinery and not valuers. We also have cost Engineers.

Kamsy10: I believe you're the one whose stupidity needs to be examined. Isn't that statement too obvious?

Trojavirus: Our universities do not have the right laboratory to graduate globally competitive graduate because we are poor and yet we are rich enough to fly planes. One of those planes will equip our lab.

manny4life:

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?

3direct: My own jet on the way

coretechng: Omo its a big deal.

anitank: so?

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

Greatken007: Double Taxation is UNJUST, are members of churches not potential payers of tax to the government?That a pastor own a jet isnt your business,giv to cessar wat is cessar and to God wat is God.Dont forget, poor minds discus pple and great minds ideas,Stop discusing pple,sit up and u wil get there?

Godogwu:

so about 20 million dollars will equip all the Uni labs in Nigeria? oh my stup!d people....stup!d people everywhere!!

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

anitank: so?

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

Wsdm: Is not usually viewed that way. There is difference between cost and value. Cost is the total expenses involved in the production of the machine while value depends on the market forces of demand and supply. For example; if the cost of a building is 5m, the same building may vary in value because of location, the demand of the client and so forth. Point of note; the valuer can not independently determine the value without making reference to the cost.

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

Demdem: How can u properly place a value on a machinery when u can't assess it.
U don't even understand its configurations and workings.
These valuers needs to be careful and place value on what they fully understand.
Engineers are best qualified to place the right value on their machinery and not valuers. We also have cost Engineers.

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

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

CFCfan: 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.

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

Demdem:

I understand u perfectly well. Are u also aware that there is a discipline within the Engineering family that have a good understanding of market forces of demand and supply? We call them Cost Engineers. Besides i do not see any valuer that can properly place a salvage value on any machinery he simply doesn't understand its components. Just to categorize various materials and usefulness, i doubt if its within valuers scope of knowledge (i stand to be corrected if not true). u are right to state the above bolded sha.

Wsdm: The valuer base on his professional ethics is to consult the cost engineers and also combine the market forces before placing value on plants and machinery. This is what the law is saying. For example: in building construction, the quantity surveyor costs the building while the estate surveyor places market value using several parameters.

anitank: so?

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