Ogun State distributes 5,000 Cs-of-O to property owners

Ogun State government has distributed 5,000 Certificates of Occupancy (C-of-O) and other land title documents to property owners across the state, under its Homeowners’ Charter programme which is aimed at deepening the property market in the state.

Governor Ibikunle Amosun said that government initiated the scheme to assist property owners in the state through the regularisation of title document and building plan approvals. He noted that without proper documentation of land titles, it would be impossible for government to make proper plans for the development of the state. He added that property owners who are able to secure their title document could use same to apply to financial institutions for loans to boost their businesses.

In his remarks, Director General, Bureau of Lands and Survey, Adewale Oshinowo, pointed out that the Homeowners’ Charter programme was intended to assist numerous property owners in who had lost hope of titling their properties. He said that government was well positioned with investment in technology to issue up to 1,000 C-of-O per day until all genuine applications have been processed.

Property experts noted at the event, in Abeokuta, that the move by government to ease and fast-track the processing of land, property and land title documents would deepen the property market in the state. According to them, the action is bound to attract more real estate investors to the state.

Chairman of Ogun State Chapter of Nigerian Institution of Town Planners, Ranti Oshoko, said the programme marked a unique significance in creating access to land, property and land title documents. He noted that it would provide a unique platform that boost land and property market in the state since access to land titles has been simplified by government. According to him, the policy which ensured the distribution of C of O to 5,000 home and property owners is uncommon in the country. He asserted that the materialisation of the Homeowners’ Charter would definitely bring investors and, in the long run, boost the state’s economy.

On his part, Isaiah Olatokunbo, state chairman, Community Development Council, commended the state government for the presentation of the 5,000 C of O, adding that simplifying access to land in the state would deepen property business in the state .

This news item appeared originally on Vanguard news