The Governor of Lagos State, Mr. Akinwumi Ambode, on Tuesday signed and approved the release of 2,500 Certificates of Occupancy to property owners across the state from Wednesday, September 9, 2015.
Executive Secretary in the Lands Bureau, Mr Olukayode Ogunnubi, disclosed to journalists that the development was in line with Governor Ambode’s effort to clear the backlog of C of O that was carried over from the previous administration.
Ogunnubi reiterated that the advantage of the recent development would enable owners to leverage on the C of O as collateral to obtain loans from financial institutions for business activities.
He added that, this will also contribute to the growth of the state’s Gross Domestic Product (GDP) and ultimately the development of the economy of the state.
The executive secretary noted that once we there is any new applicant for C of O, the Governor’s mandate is to ensure that he signs it within the 90 days tenure. Immediately payment is made, then, the processing begins. He also added that they are going on the Electronic C of O fully. All the ones he signed are also E-C of O.
“In a nutshell, 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.”
Ogunnubi stressed that the list of the 2,500 C of Os signed by Ambode would be published in national dailies as from Wednesday.