The Federal Capital Territory Administration has reduced the cost of Certificates of Occupancy to N3.5 million,million from the proposed cost of N5 million.
FCT Minister, Barrister Ezenwo Nyesom Wike disclosed this Friday and also hinted that the FCT wouldmass transportation buses and taxis next month to ply the routes of Maitama, Asokoro, Wuse, and Garki, ahead of the January 2024 phase-out of tricycles, popularly called Kepe Napep, operation in the city centre.
While he also hinted that the FCTA wouldabout N600 million to repair the mass transit buses in its would be deployed various routes to ease transportation, the minister also said previously issued documents and C of Os are to be recertified.
The minister said a slash in the cost of C of O owed to the recommendations of the Task Force on the issuance of C ofin mass housing estates and recovery of land use contravention fees.
It may be recalled that the Taskforce had proposed theN5 was largely objected to by stakeholders, prompting the organisation of an interface between estate developers residents’ associations.
The Ministerstated that security features such as the National Identification Number (NIN) and the Bank Verification Number (BVN) for individuals and corporate organisations respectively will be incorporated the Certificates.
He however disclosed that the N3.5 million will not apply for recertification, butissuances.
“Thosea C of O don’t need to pay this money. The highest you can pay is maybe N50,000 and for corporate bodies, maybe N100,000 because you already have a C of O. All you are doing is in order to incorporate these features.”
He said the FCT Administration will enforce the payment of property tax and ground rent, warning that those who fail to pay will have their allocations revoked as the FCTA seeks to shore up IGR which has now increased from a monthly collection of N14 billion to over N20 billion.
“Over the years, nobody hasground rent. I came on board can’t be business as usual. You have property, you are given a C of O to back up your property. In that you are told to pay annual ground rent. years, you didn’t pay. Some people, years, never paid.
“And you know Nigerians, theynothing happen. I came and said something would happen and they to pay. Seeing that we mean what we have said, if you don’t pay, we will revoke and we have been doing that. People are now queueing up to to AGIS, people are up and that our IGR.”
He also promised to give 70 percent of the FCT budget to capital projects inadjustments in the capital city budgeting process to give priority to capital projects. Henceforth, 30 percent will be for overhead expenditure.
He assured that the Abuja mass rail transit scheme would be completed before May 2024 to coincide withof President Bola Ahmed Tinubu’s administration, adding that provisions have been made for funding the projects in the FCT 2023 supplementary budget following assurances from the contractors.