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Research Article Open access CC BY 4.0

Appraising the State of Knowledge of the Valuation of Contaminated Freshwater Ecosystem of the Niger Delta

Deeyah Christopher L., Akujuru Victor A.

Asian Journal of Environment & Ecology · pp. 21–37 · Published 3 Aug 2022

10.9734/ajee/2022/v19i130336

Abstract

The valuation practice utilised in valuing natural resources in the Niger Delta has shown signs of the paucity of professional knowledge, thus necessitating an appraisal of the state of knowledge possessed by valuers practicing in the Niger Delta. This paper assesses the state of knowledge among Niger Delta valuers in contaminated freshwater on the applicability of the methods of valuation for assessing damaged freshwater resources. With reference to freshwater ecosystem valuation, a survey of practicing valuation firms was conducted on 102 valuation firms using census sampling, and (11) expert valuers were interviewed purposively. Findings indicate a poor knowledge of environmental valuation techniques and a constant recourse to using a predetermined compensation rate in valuing contaminated natural resources. It thus recommends the intensive training and education of practicing valuers on methods of environmental valuation and the valuation of contaminated natural resources.

Appraisal valuation practice contamination freshwater ecosystem

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Cited by 2

An assessment of the methodological challenges in valuing contaminated land for compensation in rivers State, Nigeria

D. Christopher L, Ogban Michael E · MOJ Ecology & Environmental Sciences · 2025

Showing 1 of 2 known citations — external sources report more than can currently be individually listed.

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