. . . To Commence Fixed Assets Numbering December 1
The Lagos State Valuation Office (LASVO) has held a stakeholders’ meeting with 24 selected consultants who are to commence compilation of the State Government's fixed assets from the 1st of December 2020.
Speaking during the meeting, the Director, LASVO, Esv. Adekunle Awolaja, stated that the purpose of the meeting was to implore the Consultants to diligently carry out the assignments by identifying and valuing all government assets across the State.
He urged the consultants to ensure thoroughness during the exercise, while working hand-in-hand with one another to achieve the desired success, stressing that the assets to be valued are in the Education, Agriculture, Tourism and Sport sectors, among others.
According to him, all property, plants and equipment must be identified to ascertain their condition and economic value, just as the list of the fixed assets would be uploaded into Oracle module to generate digital access numbers as tags for all State Government assets.
In his contribution at the gathering, the Head of Valuation Department, Esv. Dapo Ogunlewe, informed the consultants that pre-conditions for the exercise will be met while all locations of the fixed assets to be tagged will be properly outlined to ensure smooth-running of the exercise.
Ogunlewe expressed optimism that interim reports should be ready by the end of December 2020, with final reports submitted by mid-January 2021 for review and deliberations before submission.
While disclosing that school valuations are expected to be carried out when students are on holiday in view of COVID-19 safety protocols, Ogunlewe emphasised that assets of other sectors will be captured from December 1, 2020, assuring that LASVO would ensure that the required basic equipment is available as well as ad-hoc staff to supervise the exercise.
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