Master of Science (M.Sc.) Theses and Dissertations

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    Open Access
    Recreational Potentials of forest reserves in Nigerian a case study of eleyele forest reserve in Ibadan Oyo state, Nigeria.
    (Department of Urban and Regional Planning, Faculty of Achictecture, Obafemi Awolowo University., 1989) Ibitoye Temitope Olufemi
    Most Nigeria towns are short of recreational open space despite express demand and rising leisure pursuits by urban dwellers. In view of this, it is necessary to make a realistic assessment of how potential recreation resources can be developed for optional use. The use of forest reserves for recreation pursuits is one of the ways of relieving urban area in Nigeria which are grossly deficient in recreational forest reserves. There is evidence that urban dwellers informally use existing forest reserves for recreational purpose, especially those within reach of urban populace. To this end, this study examines the rationale and potentials of developing forest reserves to provide for recreational needs of urban dwellers in Nigeria with a case study of Eleyele forest reserve in Ibadan, Oyo Stste
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    Performance evaluation of lighting retrofitting in lecture halls of Obafemi Awolowo University, Ile-Ife, Nigeria.
    (Department of building, Faculty of environmental design and management, Obafemi Awolowo University., 2021) ADELEKE Jacob Sola
    This study examined the lighting energy consumption pattern of the existing fluorescent lamps; assessed the impact of retrofitting using compact fluorescent lamps (CFLs) and light emitting diode (LED) lamps on the consumption pattern; determined the payback period on investment made when retrofitting lighting with the two energy efficient lamps. These were with a view to providing information on the potential benefit of retrofitting lighting systems with energy efficient lamps in selected lecture halls in Obafemi Awolowo University, IleIfe. Data for this research work were obtained using quantitative approach by carrying out simulation on three selected lecture halls which was based on purposive sampling techniques. An energy monitor was used for the measurement of energy consumption at periodic logins of 1hr, 3hrs, 6hrs, 12hrs, 1day, 7days, 1 month and 3 months. Data collected were presented and analysed using frequency distributions, Mann-Whitney and Bartlett’s test, Pearsons’ correlation, simple percentages and standard payback equations The results showed that the energy consumption values of existing fluorescent lamp across the simulated Agriculture Lecture Theatre, Oduduwa Lecture Theatre and Science Lecture Theatre increased consistently based on the numbers of lighting points. The values increased from 0.3211 to 681.576 (ATL), 0.7600 to 1619.4600 (ODLT) and 2.6262 to 5652.4321 (SLT) in 1 hour to 3 months, respectively. The comparative analysis of the energy consumption of the three lamps showed that retrofitting fluorescent lamp with compact fluorescent lamp and light emitting diode lamp reduced energy consumption from 229.096 to 129.101 and 96.396 in 1 month; from 681.576 to 387.302 and 274.188 in 3 months (ATL); from 531.130 to 216.243 and 142.536 in 1 month; from 1619.466 to 692.479 and 426.608 in 3 months (ODLT); from 1840.846 to 657.243 and 500.167 in 1 month; from 5652.432 to 1936.600 and 1499.015 (SLT) in 3 months respectively. The findings also revealed that a wide margin exists between the energy consumption of existing fluorescent lamp with that of compact fluorescent lamp and light emitting diode lamp but a very small margin exists between compact fluorescent lamp and light emitting diode lamp. The percentage energy savings across the three lecture halls also showed that there were significant differences between the electricity consumption before and after simulation of the as-built lamps with 43, 47 and 65% reduction in electricity consumption using compact fluorescent lamp and 57, 73 and 73% using light emitting diode lamp. The Pearsons’ correlation values across the three selected lecture halls were also found to be 1.000, which indicates a very strong positive correlation. The 2-tailed significant value of p < 0.05, which implies that the correlation is highly significant. The results of the retrofits payback period also showed that the compact fluorescent lamp performed better in the return of retrofits investments having a payback period of 7 months, 4 months and 5 months than that of the light emitting diode lamp having a higher payback period of 10 months, 6 months, and 8 months respectively across the three lecture halls. The study concluded that replacing fluorescent lamp with compact fluorescent lamp and light emitting diode lamp would be a feasible option in order to enhance optimal performance of the lecture halls, but in terms of viability, it would be beneficial to retrofit fluorescent lamp with compact fluorescent lamp.
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    Open Access
    A documentation of styles in yoruba headites.
    (Department of Fine and Applied Arts, Faculty of Enivironmental Design and Management, Obafemi Awolowo University., 2021) FAJOBI, Janet Adeola
    This project document a visual representation of styles in Yoruba headties. This project is focused on the use of coloured wools stitches as embroidery techniques with gluing and sewing of fabrics on canvas to make a visual representation of gele styles in the 1980’s, 1990’s and the contemporary time. Data for this project was collected from both primary and secondary sources. Primary data was oral interviews with the Yorùbá elders about how headties were been tied in the 80’s, 19’s and now. The secondary source include project works of other people, internet publications, magazines, pictorial images online and journals. The process of executing this project includes: source for references, generating canvas size, sketching, stitching on the sketches image with different colour of thread, cutting of aso-oke to form the gele styles for each works, re-stretching and framing. The findings revealed that the Yorùbá indigenous hairstyles vary based on their importance and usefulness. These headties sometimes shows the importance of the wearer and it shows that has time evolves people explore different ways in which gele can be tied. Findings also showed that the headties are gradually taking new form day by day as western influence have been included to the styling of these headties. In conclusion, this project has been executed to form a visual reminder for the present generation and a historical record for generation to come. It also serves as a visual record of how gele has been presented in the past and how it has evolved till date. In a nutshell, this project, revives and retains the quality of Yoruba dress culture.
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    Assessment of the usage of software packages by quantity surveying firms in southwestern in Nigeria.
    (Department of Quantity Surveying, Faculty of Environmental Design and Management. Obafemi Awolowo University., 2021) OLALEKAN, Yunus Olaitan.
    This study identified and examined the software packages used by Quantity Surveying firms in Southwestern Nigeria; evaluated the trend in the usage of software packages in the study area; assessed the drivers and barriers of usage of the software packages; and examined the impact of their usage on service delivery in the study area. These were with a view to enhancing service delivery. Quantitative survey research design was used to collect primary data for this study via structured closed ended questionnaire. The questionnaire was administered on quantity surveying firms in Lagos, Ondo and Oyo States which constituted the study population. Total enumeration was used for Ondo and Oyo States with six (6) and 15 (fifteen) quantity surveying firms, respectively. Out of the 127 quantity surveying firms in Lagos State, 64 (50%) were sampled using simple random sampling technique. Data were obtained on educational status, professional status, employment position, years of experience, age of firms, firm’s location, type of software used, level of usage of software packages, trend in the usage of software packages, drivers and barriers of the usage of software packages and impact of the usage of software packages on service delivery. The data collected were analysed using descriptive (frequency counts, percentages, and mean score) and inferential (regression analysis and Analysis of Variance) statistics. The results showed that AutoCAD with mean score (MS) of 2.8 in a 5-point Likert-like scale (0-4) was the most used software package by quantity surveying firms in the study area. The others were Microsoft Project (MS = 2.44), MasterBill (MS = 1.58), QSCAD (MS = 1.51) and Revit (MS = 1.37). The trend in the usage of software packages by the firms was most erratic (up and down patterns) in Ondo and Oyo States but relatively regular in Lagos State. It was also found that the five lead drivers of the usage of software packages were: changing trend in technology (MS = 3.56); flexibility of usage (MS = 3.22); corporate technology strategy (MS = 3.10); competition among QSFs (MS = 3.08); and competition among construction professionals (MS = 3.07). Similarly, the top five barriers to the usage of software packages were high cost of software packages (MS = 3.42); inadequate power supply (MS = 3.20); high cost of hardware (MS = 3.17); rate of virus attack (MS = 3.07); and inadequate job order to encourage software investment (MS = 2.92). The study also found that the usage of software packages has mostly impacted the preparation of bills of quantities with a mean score (MS) of 3.53, closely followed by project planning (MS = 3.51), estimating (MS = 3.47), cost planning (MS = 3.36) and cost analysis (MS = 3.24). The study concluded that the usage of software packages by quantity surveying firms in the study area was generally low and that high cost of software packages and inadequate power supply were mostly responsible for the low usage of software packages by quantity surveying firms in Southwestern Nigeria with consequent negative impact on service delivery.
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    Open Access
    Assessment of Polyethylene Terephthalate Waste Carbon and Periwinkle Shells-Based Chitosan as Adsorbent for Trichloroacetic Acid removal from Water.
    (Institute of Environmental Control Management, Obafemi Awolowo University., 2022) ABIOYE Babasanmi Oluwole
    The study determined the physicochemical parameters and trichloroacetic acid concentrations of the water samples before and after conventional treatment at the Obafemi Awolowo University, Ile-Ife water treatment plant. It also investigated the adsorption efficiencies of chitosan modified and unmodified adsorbent prepared from polyethylene teraphthalate waste and periwinkle shells for the removal of trichloroacetic acids in the water samples.
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    Building information modeling usage and project stages interface among construction professionals in Lagos State, Nigeria.
    (Department of Building , Faculty of Enviromental Design and Management, Obafemi Awolowo University., 2022) ADEFEMI , Adebowale Oluwayinka
    The study examined the extent of building information modeling (BIM) usage among construction professionals, determined the interface problems in construction projects stages among professionals and investigated the impact of BIM usage on professional's at stages of construction projects in Lagos State, Nigeria. These were with a view to providing information that could enhance project delivery.
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    BUILDING INFORMATION MODELING USAGE AND PROJECT STAGES INTERFACE AMONG CONSTRUCTION PROFESSIONALS IN LAGOS STATE, NIGERIA
    (DEPARTMENT OF BUILDING, FACULTY OF ENVIRONMENTAL DESIGN AND MANAGEMENT, OBAFEMI AWOLOWO UNIVERSITY, 2022) ADEBOWALE OLUWAYINKA ADEFEMI
    This study examined the extent of building information modelling (BIM) usage among construction professionals, determined the interface problems in construction project stages among professionals and investigated the impact of BIM usage on professional’s interface at stages of construction projects in Lagos State, Nigeria. These were with a view to providing information that could enhance project delivery. Primary data were used for this study and obtained through structured questionnaire. The target population was construction professionals who had substantial knowledge of BIM usage and who had experienced interface problems at the design and construction stages of projects in Lagos State. A total of two hundred and sixty (260) copies of completed questionnaire were retrieved through online and physical administration using snowball sampling technique for selection of respondents. Data were analysed using frequency, percentages, exploratory factor analysis, confirmatory factor analysis and structural equation modelling. Findings revealed that more than 70% of the respondents had less than six years’ experience with BIM usage, 36.5% of the respondents had employed BIM for private projects, 48.5% for public-private projects and majority of the construction professionals use BIM mostly for building projects (90%) and design-build procurement method (57.2%). Over 60% of construction professionals had either very low, low or fair level of competency in respect of BIM usage. On the proficiency level of BIM usage, about 86.5% among the professional members were either skilled or semi-skilled. The overall satisfaction level in using BIM for project work was 74.2% among the project members which shows that a majority of them were satisfied with BIM usage. The major interface problems at the design stage in the study are badly written contract (C15); excessive amendments when changes occur in designs (C16) (DIP5=0.794); lack of stipulated data (C4) (DIP1=0.744); and design complexity (C9) (DIP4=0.743). However, the major interface problems at the construction stage are change order (C29) (CIP4=0.814); inadequate specialised quality-control team (C31) (CIP1=0.798); and poor quality of construction (C21) (CIP2=0.797). The impact of BIM on professionals’ interface at the design stage are producing tools for reporting task completion, quality value and mistakes of the design team (ID5) (IDS1=0.836); automatic low-level of amendments whenever modification occurs in design (ID14) (IDS2=0.794); and improve design quality (ID8) (IDS3=0.771). The impact at the construction stage includes enhanced site utilisation, space coordination and production data (IC4) (ICS3=0.788); enhanced quality control process on site (IC9) (ICS1=0.787); and minimised interface conflict through integration of construction simulation (IC18) (ICS2=0.774).
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    Building information modeling usage and project stages interface among construction professionals in Lagos State, Nigeria
    (Department of building, Faculty of environmental design and management, Obafemi Awolowo University, 2022) ADEBOWALE Oluwayinka Adefemi
    This study examined the extent of building information modelling (BIM) usage among construction professionals, determined the interface problems in construction project stages among professionals and investigated the impact of BIM usage on professional’s interface at stages of construction projects in Lagos State, Nigeria. These were with a view to providing information that could enhance project delivery. Primary data were used for this study and obtained through structured questionnaire. The target population was construction professionals who had substantial knowledge of BIM usage and who had experienced interface problems at the design and construction stages of projects in Lagos State. A total of two hundred and sixty (260) copies of completed questionnaire were retrieved through online and physical administration using snowball sampling technique for selection of respondents. Data were analysed using frequency, percentages, exploratory factor analysis, confirmatory factor analysis and structural equation modelling. Findings revealed that more than 70% of the respondents had less than six years’ experience with BIM usage, 36.5% of the respondents had employed BIM for private projects, 48.5% for public-private projects and majority of the construction professionals use BIM mostly for building projects (90%) and design-build procurement method (57.2%). Over 60% of construction professionals had either very low, low or fair level of competency in respect of BIM usage. On the proficiency level of BIM usage, about 86.5% among the professional members were either skilled or semi-skilled. The overall satisfaction level in using BIM for project work was 74.2% among the project members which shows that a majority of them were satisfied with BIM usage. The major interface problems at the design stage in the study are badly written contract (C15); excessive amendments when changes occur in designs (C16) (DIP5=0.794); lack of project stipulated data (C4) (DIP1=0.744); and design complexity (C9) (DIP4=0.743). However, the major interface problems at the construction stage are change order (C29) (CIP4=0.814); inadequate specialised quality-control team (C31) (CIP1=0.798); and poor quality of construction (C21) (CIP2=0.797). The impact of BIM on professionals’ interface at the design stage are producing tools for reporting task completion, quality value and mistakes of the design team (ID5) (IDS1=0.836); automatic low-level of amendments whenever modification occurs in design (ID14) (IDS2=0.794); and improve design quality (ID8) (IDS3=0.771). The impact at the construction stage includes enhanced site utilisation, space coordination and production data (IC4) (ICS3=0.788); enhanced quality control process on site (IC9) (ICS1=0.787); and minimised interface conflict through integration of construction simulation (IC18) (ICS2=0.774).153p
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    Impact of project governance on the performance of public private partnership projects in Lagos State, Nigeria.
    (Department of Building, Faculty of Environmental Design and Management. Obafemi Awolowo University., 2022) OLADELE, Tosin Emmanuel
    This study examined the governance structure, and evaluated the critical success factors of Public Private Partnership (PPP) projects in Lagos State, Nigeria. It also examined the challenges of the PPP projects governance and the effect of governance structure on the cost and time profiles of the PPP projects in the study area. These were with a view to enhancing projects delivery. The study made use of both primary and secondary sources of data. For the primary source of data, interviews were conducted with the key stakeholders/role players and questionnaire were administered on the professionals that were involved in the identified case studies. The secondary data were sourced from relevant departments of government, and from the concessionaires of the identified PPP Projects in the study area. Seven (7) completed PPP projects were used as case studies. A total of one hundred and twenty (120) professionals were sampled, which included sixteen (16) professionals from five (5) case study projects and twenty (20) professionals from two (2) case study projects. One hundred and twenty (120) questionnaire were purposively administered on the professionals, while 81 questionnaire were successfully retrieved, indicating a 68% effective return rate. The data obtained were analysed using Relative Importance Index (RII), Thematic Analysis, Importance Index IMPI), Severity Index (SI), and Cost and time Overrun Equations. The results showed that two forms of governance structures namely: departmental structures and new separate authority, were mostly adopted in the case study projects. However, lack of institutional frameworks for PPP during its early adoption in the study area resulted in the use of traditional procurement contracts in some case study projects, which lacked PPP contents. The result also showed that project accountability and responsibility (Mean Index = 0.82) was the most practiced project governance principle for PPP projects. Disclosure and Reporting (Mean Index = 0.70) was least practiced as it had the least mean index value. The major Critical Success Factors (CSFs) of PPP projects were, Knowing the project (IMPI% = 79.61); information and communication (IMPI% = 77.41); the support of principal officers (IMPI% = 76.91); capable project team (IMPI% = 72.33); value for money (IMPI% = 71.08); and strong dedication by public and private actors (IMPI% = 70.84). The Severity Index (SI) of the challenges of the PPP projects governance showed that the major governance challenges were Lack of capacity on the part of the concessionaire (SI% = 85.68); costly transactions (SI% = 85.18); high procurement costs (SI% = 84.45); fraud and bribery (SI% = 83.70); high project budgets and long execution periods (SI% = 83.45); and uncertainty of political environment (SI% = 83.21). The results showed that the adopted governance structures in most of the case studies caused delays on the projects. The study concluded that, the unavailability of institutional frameworks for PPP during the early adoption of PPP in the study area resulted in different forms of governance structures (Policies) for PPP projects and confirmed that the governance structures of most of the PPP projects caused delays, which significantly had adverse effects on PPP project deliverables.
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    A study of Mentoring in Real Estate Practice in Northwestern Nigeria
    (Department of Estate Managment, Falculty of Environment Design and Management, Obafemi Awolowo University Ile-Ife Nigeria, 2023) ISHAYA, David Ayock
    This study examined the profiles of estate surveying and valuation (ESV) firms in Northwestern Nigeria as well as the skills and competencies lacking of employees in ESV firms in the study area; assessed the mentoring strategies employed by ESV firms in the study area; analysed the effectiveness of the mentoring strategies; and determined the factors influencing the effectiveness of the mentoring strategies employed by the ESV firms in the study area. These were with a view to providing information that could enhance real estate practice. Primary data was employed for the study. The data was obtained from ESV firms practicing in Kano and Kaduna states using a mixed research method involving the use of questionnaires and interviews. A total enumeration survey was carried out on all the 40 and 80 ESV firms in Kano and Kaduna states respectively. Interviews were conducted with three senior surveyors in Kano and seven in Kaduna states. Data collected from the ESV firms included their profiles, mentoring strategies, employee skills and competencies and factors influencing mentoring effectiveness. The information obtained were analysed using frequency and percentage, mean rating, standard deviation, Analysis of Variance (ANOVA), independent t-test, and Principal Component Analysis. The findings showed that the employees were mostly HND holders (47.01%), while 98% of the respondents were male. More so, majority of the respondents held senior managerial positions with 21% and 84% being Head of Departments Kaduna and Kano states respectively. The results further showed that based on a 5-point Likert scale, risk-taking propensity (MS = 3.64) is the most ranked skills and competencies lacking among employees in ESV firms. Traditional mentoring with response frequency of 88.6% and 92.0 % in Kaduna and Kano states respectively was found as the predominant form of mentoring adopted by ESV firms in the study area. The mentoring strategies adopted by ESV firms xi, xii differed. In Kaduna State, the most commonly employed strategies were encouragement, feedback and participation with mean scores of 2.96, 1.64 and 3.25 respectively; whereas in Kano State, the most used mentoring strategy was conversation (MS = 4.78). With mean scores of 4.74, 4.70, 4.48, 4.30, and 4.17, building trust, emotional support, orientation, experience sharing, and encouragement respectively were the most effective forms of mentoring strategies employed by ESV firms in the study area. Using principal component analysis, the major determinants of the effectiveness of mentoring by the ESV firms are cultural beliefs, individual traits, and the gender of both mentors and mentees with mean scores of 3.26, 3.69 and 2.78 respectively. The study concluded that mentoring in real estate practice in the study areas is not formalized and that its effectiveness is greatly influenced by cultural beliefs, individual traits, and gender factors.
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    A Study of Green Building Rating Systems in Lagos state, Nigeria
    (Department of Building, Faculty of Enviromental Design and Management, Obafemi Awolowo University, Ile-Ife, Nigeria., 2023) OLAOYE, Folawiyo Timilehin
    The study examined the Green Building Rating System (GBRS) in use for building projects in Lagos State, Nigeria and their strengths and weaknesses; assessed the importance of the criteria for adapting the Green Building Rating Systems in use; and developed a weighting framework of the criteria for improving the Green Building Rating Systems. These were with a view to enhancing the applicability of the rating systems. The data for the study were collected from primary and secondary sources. Primary data on the rating systems in use, their strengths and weaknesses, their criteria of assessment, and the required criteria for enhancing their applicability to the Nigerian local context were collected during one-on-one interviews conducted on green building experts that were identified from twelve (12) certified green building projects in the study area. A total of eighteen (18) green building experts were invited for interview, and thirteen (13) of them took part in the interview, indicating a 72.2% effective response rate. Secondary data including the criteria checklist of the certification systems which were sourced from their official websites and hand-books, were used to refine and substantiate the primary data. The data obtained were analysed using Thematic analysis, Priority ranking and Fraction Method. The results showed that the most prevalent GBRS in use in the study area were EDGE and LEED. The results further showed the categories used for assessing and certifying buildings in each certification system; the certification process in each certification system; and the building projects that they had certified in the study area. Findings on the strengths and the limitations of the LEED and EDGE certification systems with respect to the local conditions of the study area, showed the major strength of the LEED and EDGE to be used to assess and certify various building types including residential buildings, commercial spaces, and industrial buildings. Both 15 the LEED and EDGE performed well in all the phases of the building project (design, construction, operation and end of life). The only significant limitation in the adoption of the EDGE and LEED was their lack of functionality in the social aspects of sustainability in buildings. The result further revealed the important criteria for adapting the EDGE and LEED to the local context of the study area to include energy efficiency, water efficiency, waste management, pollution and emission and climate and resilience to environmental hazards. The study developed a weighting framework and flowchart representation of the criteria to be considered by the green building experts to enhance the applicability of the rating systems. The study concluded that the EDGE and LEED were sufficient for assessing the environmental aspect of sustainable buildings, but less functional with respect to safety and security, socio-cultural aspects, and Life-cycle cost efficiency.
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    Tenants' choice of residential properties in Ibadan municipality, Nigeria.
    (Department of Estate Management, Faculty of Environmental Design and Management, Obafemi Awolowo University., 2023) Oshikoya, Taiwo Peter.
    The study examined the socio-economic characteristics of the tenants in Ibadan metropolis, the characteristics of residential properties, identified the tenants’ choice of residential properties and determined the factors influencing tenants’ choices of residential properties in Ibadan municipality. These were with the view to providing relevant information that enhances the investment decisions of real estate investors. Primary data were collected for the study. Question was used to elicit data from household head of the low residential neighborhood (Idi-ishin, Alalubosa) and medium density (Oluyole, Bodija) in Ibadan municipality. These represent a total number of 6,528 housing units and multistage sampling was adopted in selecting 5% of the residential buildings. A total of 326 residential buildings were selected from which a household head was selected each for questionnaire administration. The data collected entails the socio-economic characteristics, characteristics, of the residential property and factors influencing their choice of residential property. The study adopts techniques such as frequency distribution and percentages, cross tabulation, chi sqaure and factor analysis. The result shows that the respondents comprise of active population within the age bracket 30-50 with 50.3% were largely female and income level is between #150,000 to #251,000. Further findings reveal that most of the residential properties in low residential densities had well finished 3-bedroom flat and semidetached apartment, while medium density are mostly 2-bedroom flat and 3-bedroom respectively. The study discovered three principal factors (security, tenants’ occupation and distance to place of choice) that influence tenants’ choice of residential property across the two residential densities which are neighborhoods security, facilities and services with a percentage variance of 23.19%. This is followed by socio-economic characteristics of the respondents with a percentage variance of 13.92 and lastly, distance and proximity to places of choice with a percentage variance of 12.50%. The study concludes that investor should take into consideration the three principal factors in their decision to invest in residential property in the study area.
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    Estate surveyors and valuers' perception of intellectual property valuation in Lagos state , Nigeria.
    (Department of Estate Management, Faculty of Enivronmental Design and Management , Obafemi Awolowo University., 2023) Ekpo, Immacuata Anthony.
    This study examined the levels of awareness and preparedness of Estate Surveyors and Valuers (ESVs) to carry out Intellectual Property (IP) Valuation in Lagos State, Nigeria; assessed the perception of ESVs on IP Valuation and determined factors affecting their perception on IP Valuation. These were with the view to ascertaining the prospect for the adoption of IP valuation in the study area. Primary data was used for this study. The data was sourced with the use of questionnaire from Estate Surveyors and Valuers in Lagos State. Lagos State was stratified into Lagos Mainland and Island to ensure proportional representation in the sample. From the 412 registered estate surveying and valuation (ESV) firms in the study area, 50% in each stratum was selected using the raffle draw approach to arrive at a sample size of 206 firms. In each ESV firm, questionnaire was administered at random to one Estate Surveyor and Valuer only. Also, in-depth interview was conducted with 3 members of the Business Asset and Intellectual Property Valuation Professional Group, and 4 members of the Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON). Data collected included profiles of ESVs, awareness of basic concepts relating to IP valuation, number of training and materials obtained to prepare for IP valuation, ESVs’ perception and factors influencing perception of IP valuation. The data was analysed using frequencies, percentages, mean ranking, relative importance index (RII), thematic and factor analyses, and Chi Square. The result of the study indicated that 87.6% of ESVs in Lagos State were aware of IP valuation. The level of awareness was average for majority (49.5%) of the ESVs and 23.9% actually had IP valuation experience. Also, it was found that 57.2% of respondents have attended at least a seminar/workshop in preparation for IP valuation. However, respondents agreed, on a five point Likert scale, that: “more seminar/workshop is needed” (mean=4.46); “more sensitisation is needed” (mean=4.41); “a dedicated MCPD on IP valuation is needed”(mean=4.39); and “a dedicated conference on IP valuation is needed” (mean=4.39). By implication, preparedness is still at sensitisation/awareness stage which is insufficient for the task ahead. Moreover, the result of factor analysis indicated that the respondents perceived IP valuation as: full of challenges with 37.65% variation explained; full of benefits to valuers (19.029%) and to SMEs (10.288%). Lastly, the results established that factors in the perceiver (ESVs), such as experience, benefits, interest, mood and familiarity with the target, contributed 61.241% variance and factors in the target (IP valuation), such as scarcity of data, complexity and assumptions (11.165%) affected ESVs’ perception of IP valuation. The study concluded that ESVs had positive perception of IP valuation but their preparedness was insufficient due to factors inherent in the valuation and in ESVs themselves; hence, more training is needed to hasten the adoption of IP valuation.