The
Government of Delta State has launched its FAST TRACK 90 scheme to fast track
the issuance of Certificate-Of-Occupancy [C-of-O] to property owners.
Governor
Okowa at the event assured that the innovative policy would enhance the ease of
doing business and property owners would now be able to obtain C of O within 90
days.
The
policy according to the Governor was meant to remove all the inherent bottlenecks
associated with acquiring legal titles for landed property which were
disincentives to investments, stressing that with the new policy, land owners
can obtain C of O with digital electronic features within a maximum of ninety
days.
“One
of the biggest disincentives to investors anywhere in the world is the high
cost and delays associated with acquiring the legal titles to landed property,
in Delta State, the process of obtaining Certificate of Occupancy [C of O] has
over the years become very long, arduous, unwieldy, and opaque, often resulting
in unofficial payments far in excess of the approved amount“, he said.
’FastTrack
90’, an innovative policy of this administration designed to enhance ease of
business in the state, has been initiated to overcome the bottlenecks that have
become a recurring decimal in obtaining C of Os, it will take a maximum of
ninety days for land owners to obtain their C of Os from the Ministry of Lands
and Surveys and the new system is fast, transparent and in line with global
best practices”, the governor added.
Senator
Okowa explained that property owners would pay two hundred thousand naira to
obtain the new C of O, while those in possession of the old C of Os would pay
fifty thousand naira to migrate to the new one emphasising that “the new C of O
is electronically generated, secure and fraud proof and its implementation
starting in June, 2016”.
He
urged all property owners in the state to ensure that they get the new C of O
as it “serves as protection against government acquisition, validates your
ownership of the property and eliminates needless disputes and contentions” as
the new C of O can’t be duplicated, as it has unique protective features.
Governor Okowa reiterated the state government’s commitment to putting the necessary structures, institutions, processes and systems in place that would engender good governance, all-inclusive economic growth and sustainable development.
Governor Okowa reiterated the state government’s commitment to putting the necessary structures, institutions, processes and systems in place that would engender good governance, all-inclusive economic growth and sustainable development.
Earlier,
Hon Martins Okonta, Special Adviser on Land and Legislative Matters and Mr
Abayomi, Managing Director, QueensBridge Capital Investment Ltd, in their
addresses said that Fast Track 90 Scheme was an opportunity for property owners
to fast track the process of acquiring C of O within ninety days and check
sharp practices inherent in the issuance of old C of Os in the State.
Comments
Post a Comment