Business

KWSG reduces cost of C of O by 38%

Kwara State has reduced the cost of procuring the Certificate of Occupancy by landowners by 38percent of the initial price.

They will now pay N95,000 as against the initial N250,000.

The Director General of Bureau of Lands, Alhaji Ibrahim Salman made the disclosure during the opening ceremony of sensitisation on mass titling scheme to facilitate ease on land occupancy certificates by the public.

He said:” To purchase title for a land of 400 square metres which is equivalent to a plot in Kwara State you will spend about N250,000, but we felt the need to make it easier by reducing the cost and so we negotiated with professionals and they have agreed to reduce the cost of their services.

“So, the total package for procuring a C of O on a plot of land is now N95,500 and there is no hidden cost from collection of form to the issuance of certificates,” he assured.

He said the mass-titling scheme is an amnesty scheme of the state government to facilitate ease of collecting certificate of land occupancy.

” It is targeted at low income earners most especially the less privileged having one plot of land and struggling to build a single room to hide their heads.

” We also observed that most of these low income earners when they struggle to build such houses their business scrumble because they spend everything they have on construction of the houses.

“In that aspect, they can use such houses as collateral to collect facilities and the only instrument that is recognised by financial institutions is the Certificate of Ownership (C of O) issued by the state government.

” So to make it easier for them because before you can procure a piece of land you need a survey to be prepared by a licensed surveyor. You need valuation of the property to be done by estate surveyor and valuer and you need town-planning report to be given by a registered town planner.

“All these professionals aforementioned will collect money for their services and government will collect land charges or premium and other auxiliary services,” he explained.

Salman who stated that the bureau have been having responses, stressed the need for more people to benefit  especially the less privileged.

He said the sensitisation programme is ongoing for targeted beneficiaries such as residents, neighborhood association, artisans groups among others.

The DG appealed to the media and other stakeholders to form synergy with the bureau to assist public on the scheme.

He said, “the scheme which started last year was scheduled for one year, but because of poor response and problems from within other agencies involved, the period has been extended to ending of this year.”

 

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