Abstract
Damages on contaminated land have been mostly assessed for developments subsisting on the land, neglecting the goods and services derived from the land which possess only socio-cultural values. This paper aims to ascertain the importance of socio-cultural values in the total economic value of contaminated land, drawing from the experience of a coastal community oil spillage in the Niger Delta. The paper examines what constitutes a valuable interest on contaminated land and how socio-cultural factors are valued in the damage assessment process. After reviewing the literature and decided cases, a questionnaire survey was conducted and a sample valuation report was analysed. It is concluded that there exists a socio-cultural interest on contaminated land which professional valuers do not reflect in damage assessment claims. It is recommended that any comprehensive damage assessment requires the incorporation of socio-cultural values in the valuations.
| Language | English |
|---|---|
| Pages | 675-692 |
| Number of pages | 18 |
| Journal | Land |
| Volume | 3 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 9 Jul 2014 |
| Externally published | Yes |
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Incorporation of socio-cultural values in damage assessment valuations of contaminated lands in the Niger Delta. / Akujuru, Victor A.; Ruddock, Les.
In: Land, Vol. 3, No. 3, 09.07.2014, p. 675-692.Research output: Contribution to journal › Article
TY - JOUR
T1 - Incorporation of socio-cultural values in damage assessment valuations of contaminated lands in the Niger Delta
AU - Akujuru, Victor A.
AU - Ruddock, Les
PY - 2014/7/9
Y1 - 2014/7/9
N2 - Damages on contaminated land have been mostly assessed for developments subsisting on the land, neglecting the goods and services derived from the land which possess only socio-cultural values. This paper aims to ascertain the importance of socio-cultural values in the total economic value of contaminated land, drawing from the experience of a coastal community oil spillage in the Niger Delta. The paper examines what constitutes a valuable interest on contaminated land and how socio-cultural factors are valued in the damage assessment process. After reviewing the literature and decided cases, a questionnaire survey was conducted and a sample valuation report was analysed. It is concluded that there exists a socio-cultural interest on contaminated land which professional valuers do not reflect in damage assessment claims. It is recommended that any comprehensive damage assessment requires the incorporation of socio-cultural values in the valuations.
AB - Damages on contaminated land have been mostly assessed for developments subsisting on the land, neglecting the goods and services derived from the land which possess only socio-cultural values. This paper aims to ascertain the importance of socio-cultural values in the total economic value of contaminated land, drawing from the experience of a coastal community oil spillage in the Niger Delta. The paper examines what constitutes a valuable interest on contaminated land and how socio-cultural factors are valued in the damage assessment process. After reviewing the literature and decided cases, a questionnaire survey was conducted and a sample valuation report was analysed. It is concluded that there exists a socio-cultural interest on contaminated land which professional valuers do not reflect in damage assessment claims. It is recommended that any comprehensive damage assessment requires the incorporation of socio-cultural values in the valuations.
KW - Damages
KW - Socio-cultural values
KW - Total economic values
KW - Valuations
UR - http://www.scopus.com/inward/record.url?scp=85041234265&partnerID=8YFLogxK
U2 - 10.3390/land3030675
DO - 10.3390/land3030675
M3 - Article
VL - 3
SP - 675
EP - 692
JO - Land
T2 - Land
JF - Land
SN - 2073-445X
IS - 3
ER -