Lagos State Government has released 2,500 Certificates of Occupancy to property owners in the state.
Governor Akinwumi Ambode, who signed the documents on Tuesday, said the owners must start getting the documents as from Wednesday (today).
The Executive Secretary in the state’s Lands Bureau, Mr. Olukayode Ogunnubi, who disclosed Ambode’s directives, said the development was in line with the governor’s effort to clear the backlog of C of O that was carried over from the previous administration.
He said, “This present government wants Lagosians to maximise the economic benefits derivable from ownership of property as evidenced by obtaining their legal titles.
“That’s what we are trying to achieve and that is the reason the governor decided to clear the backlog. Now, we do not have pending C of O on our table.”
Ogunnubi said the development would enable owners to leverage on the C of O for collateral to obtain loans from financial institutions.
“This will also contribute to the growth of the state’s Gross Domestic Product and ultimately the development of the economy of the state,” he added.
He said Ambode wanted the process of applying and getting the copy of the C of O to be less cumbersome thenceforth and also to be treated within the stipulated time.
He said, “Once we have any new applicant for C of O, the governor’s mandate is to ensure that he signs it within a 90-day tenure. Once you make your payment, we’ll start the processing. Let me also report that we are going on the electronic C of O fully. All the ones he signed are also e-C of O.
“The idea is to eliminate bureaucratic bottlenecks and this is what the governor intends to achieve in line with his commitment to make life simple and easy for the people.
“This is a standard milestone as the last time such was witnessed was during the era of the first civilian Governor of Lagos State, Alhaji Lateef Jakande.”
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