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April 14, 2024
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APPSN urges private surveyors to be equipped for financial mgt

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By Lydia Ngwakwe

The Association of Private Practising Surveyors of Nigeria (APPSN) has urged private surveyors to equip themselves with the knowledge and skills needed to manage their finances effectively.

APPSN, a sub-group of the Nigerian Institution of Surveyors (NIS), Lagos State Branch, gave the advice at its 2024 Annual General Meeting and luncheon, on Wednesday, in Lagos.

The News Agency of Nigeria (NAN) reports that the meeting has the theme: “Sustainable Financial Solutions and Understanding Financial Literacy as a Private Practitioner”.

The programme aims to empower private surveyors with the financial knowledge and literacy they need to run their practices more profitably and ensure their long-term financial well-being.

The Chairman, APPSN, Mr Ibironke Adaranijo, noted that financial knowledge was a must-have skill for private surveyors in today’s world.

Adaranijo said financial knowledge would enable surveyors to excel in their business at the long run.

“In a world where financial stability is paramount for success, our theme underscores the critical importance of equipping ourselves with the knowledge and tools necessary to navigate the complexities of financial management effectively.

“As private practitioners in the field of surveying, understanding financial literacy is not just advantageous, it is indispensable for sustainable growth and prosperity,” he said.

The Guest Speaker, Mr Omoniyi Shiwoku, the Managing Director, Pecuniary Professionals and Variant Pecuniary Consulting, who noted that the theme of the event was apt, said it fits the situation currently facing the country.

Shiwoku advised the professionals to set a solid foundation for themselves by being financially literate, saying the major reason businesses failed was lack of planning.

He emphasised the need for them to be financially literate, adding that it would provide surveyors with a framework to understand the “why” and “how” of money management.

This, he said, would equip them to make sound financial decisions that would contribute to their business’s stability and growth.

He said: “Financial literacy allows surveyors to analyse their income and expenses, understand financial products and services, and make informed choices about saving, investing, and borrowing.

“They can assess risks and potential returns before committing to financial decisions that could impact their business’s success.”

Mr George Olawande, Member, Representing Amuwo-Odofin Federal Constituency at the National Assembly, advised the organisers to always invite experts with the requisite knowledge about financial literacy in their midst to do justice to the topic.

He said that the knowledge which the expert would share would help private surveyors to avoid making risky financial choices that could hurt their business.

This, he said, would help them to weigh the pros and cons before borrowing money, investing, or spending.

Olawande was represented by one of his aides, Mr Robert Obasi. (NAN)
Edited by Chinyere Joel-Nwokeoma

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