In a significant move to empower landowners and boost property value, the Ogun State Government has announced the distribution of 5,000 Certificates of Occupancy (C of O) to beneficiaries. This initiative, scheduled for Friday, underscores the state’s commitment to fostering a vibrant real estate market and enhancing the livelihoods of its citizens.
Governor Dapo Abiodun will personally present the certificates to the beneficiaries, marking a milestone in the state’s land administration and property rights management. The C of Os will not only serve as legal documentation for land ownership but also empower recipients to leverage their properties as collateral for loans, unlocking financial opportunities for personal and business growth.
The distribution of these certificates aligns with the state’s strategic positioning as a commercial hub adjacent to Lagos, Nigeria’s economic powerhouse. By empowering landowners, Ogun State is encouraging investment in real estate and unlocking the potential for property value appreciation, benefiting both homeowners and the broader economy.
The beneficiaries of this initiative are drawn from two sources: the Ogun State Land Administration and Revenue Management System (OLARMS) and the immediate past administration’s Home Owners Charter (HOC). This inclusive approach ensures that a wide range of landowners can reap the benefits of secure property ownership.
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The Ogun State Government’s commitment to empowering landowners and fostering a thriving real estate market is a testament to its vision for a prosperous and inclusive economy. By providing secure property rights and unlocking financial opportunities, the state is paving the way for a brighter future for its citizens.
Source: Daily Trust
