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A COMPARISON OF WETLAND VALUATION PURPOSES IN LAGOS METROPOLIS AND THE NIGER DELTA, NIGERIA

Ajibola, M. O. and Ogungbemi, A. O. and Adenipekun, M. T. (2012) A COMPARISON OF WETLAND VALUATION PURPOSES IN LAGOS METROPOLIS AND THE NIGER DELTA, NIGERIA. Ethiopian Journal of Environmental Studies and Management EJESM, 5 (4). pp. 452-460.

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Abstract

Valuation assignments are carried out for various purposes usually determined by the client. Various studies showed that, in addition to the general purposes, wetland valuation could also be required for conservation, rating of oil installations and environmental restitution. The study compared wetland valuation purposes between Lagos Metropolis and the Niger Delta, Nigeria. A total of 163 copies questionnaire were retrieved from Lagos Metropolis while 72 were retrieved from the Niger Delta. In analysing the primary data collected, frequency tables and percentage were adopted. The study revealed that respondents perceived wetland as swampy land, marchland, poorly drained land and infested land. Also the study showed that wetland resources are majorly carried out for loan facilities (98.8%, RII = 4.15) and advice on sales (85.1%, RII = 3.49) in Lagos Metropolis while the prominent purposes for wetland valuation in the Niger Delta are compensation (94.4%, RII = 3.85), rating of oil installations (69.4%, RII = 3.76) and environmental restitution (66.7%, RII = 3.31). The study recommends that NIESV and ESVARBON should compel institutions offering Estate Management to include environmental valuation as a core course and also organise regular professional training/workshop for practicing Estate Surveyors and Valuers. Also, NIESV should incorporate environmental valuation in the curriculum for professional examinations.

Item Type: Article
Subjects: T Technology > TH Building construction
Divisions: Faculty of Engineering, Science and Mathematics > School of Civil Engineering and the Environment
Depositing User: Olusola Ajibola
Date Deposited: 10 Mar 2015 21:11
Last Modified: 15 Sep 2015 20:40
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/3708

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