The Minister of the Federal Capital Territory, Nyesom Wike, has put his foot on the ground and skyrocketed the price of owning a property in Nigeria’s capital city of Abuja.
Wike says the FCT Administration has pegged cost of issuance of Certificate of Occupancy, CofO in Abuja, at ₦5 million.
Wike made the pronouncement at a meeting he held with estate developers in Abuja on Tuesday.
According to him, payment could be made within four months of land allocation after which the C-of-O would be handed over to the applicant.
He added that he would seek the approval of President Bola Tinubu to link applicants’ National Identification Number to C-of-Os before issuance.
Wike said the era where three or more persons were allocated the same plot of land with fake CofO in Abuja was over.
“Allocation of land to three or more persons will no longer be allowed because the C-of-O enables you to do business.
“When we make the right decision, some people will be happy, and some will not.
“The rich will kick against some of our decisions, but anything that will help our people must be done,’’ Wike said.
Furthermore, he promised to ensure orderliness and sanity in land administration system and processes in the FCT.
Meanwhile, the minister expressed worries that workers’ salaries at the FCT Administration and the Federal Capital Development Authority gulped ₦8.9 billion monthly.