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Application and payment for C of O, building plans to be done online from Q1 2021

Governor Sanwo-Olu has stated that from next year, all land-related transactions in Lagos State will be undertaken online,

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Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss, Lagos SEC meeting goes virtual as full lockdown commences, Partial lockdown guidelines for businesses from May 4, Nigeria @ 60: Lagos State Government opts for a low-key celebration of the Independence Day

Starting from the first quarter of next year, application and payment for Certificate Of Occupancy (C of O) in Lagos State will be undertaken online.

This disclosure was made by the Governor of Lagos State, Babajide Sanwo-Olu at the maiden Real Estate Marketplace Conference and Exhibitions organised by Lagos State Real Estate Regulatory Authority (LASRERA).

READ: Togo, Niger, Benin remit N2.04 billion to Nigeria for power supply

The Governor at the event explained that the State’s Department of Lands had built the required capacity for a smooth transition to the online platform, stressing that the plan was already in its final stage and when the web-based platform is finally launched, there would be no need for applicants seeking for C of O, survey and building plan approvals to physically submit paper documents for authorisation.

Sanwo-Olu charged residents and property developers applying for approvals to stop cutting corners and circumventing the process, stressing that sharp practices would only make it difficult for impatient applicants to get their documents approved.

READ: Nigeria invest $9.4 million in Shelter Afrique; emerge as the second largest shareholder 

What they are saying

While speaking at the conference, the Governor of Lagos State said:

“From the first quarter of next year, we will be launching an online platform on which all land transactions will be done. When the project kick-starts next year, there will be one-stop shop for all transactions relating to land, including Governor’s approval on CofO, and building approval by Ministry of Physical Planning and Urban Development.”

READ: Tariffs may rise up, as FG prepares to invest $4.7 billion in power sector

“We have given our commitment to this, because of the need to improve the turn-around-time from when people submit their requests for approval and the time the authorisation is completed. We cannot afford to disappoint private investors and applicants seeking real-time approval. We are raising our capacity so that we can respond to the requests and discharge them.”

Special Adviser to the Governor on Housing, Mrs. Toke Benson-Awoyinka said: “As a Government that is determined to bridge the housing deficit in the State, we are aware of our role in not just the provision of houses, but also create an enabling environment for the private sector working hand in hand to the desired end.”

READ: FAAC disburses N639.9 billion in October 2020, allocation drops by 6.2%

What this means

  • It is important to know that by the time the web-server is done, all documentation and payments will be done by applicants from the comfort of their homes online.
  • This move will further accelerate the process of getting approvals on land matters and create an enduring business-driven property development market in the State.
  • The new development would bring about quick turnaround time in land transactions and boost private investors’ confidence in the provision of homeownership model that will address deficits in housing.
  • This move is expected to consolidate on the gains from the mass housing scheme, and this would help to address inadequacy in housing, re-build integrity in the housing market and gain the confidence of individuals and private developers in land matters in Lagos State.

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Omokolade Ajayi is a graduate of Economics, and a certificate holder of the CFA Institute’s Investment Foundation Program. He is a business analyst, and equity market researcher, with wealth of experience as a retail investor. He is a business owner and a stern advocate of Financial literacy, who believes in the huge economic prospect of the Nigerian Payment channels and Fintech space.

1 Comment

1 Comment

  1. Peter Kays

    December 9, 2020 at 8:07 pm

    Good news

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Business

Federal High Court rejects EFCC’s appeal seeking forfeiture of Saraki’s assets

Saraki has disclosed that a Federal High Court has rejected an application by the EFCC to have him permanently forfeit some of his assets to the FG.

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Senate finally releases details of National Assembly’s 2018 budget

A Federal High Court in Lagos has rejected an application by the Economic and Financial Crimes Commission (EFCC) seeking permanent forfeiture of some assets belonging to Bukola Saraki to the Federal Government.

The ex-Senate President disclosed this in a statement on Thursday evening.

Earlier this afternoon, a Federal High Court sitting in Lagos rejected an application brought before it by the Economic and Financial Crimes Commission (EFCC) in which the agency sought the permanent forfeiture of some of my properties to the Federal Government,” Saraki said.

READ: EFCC: There is a new Sheriff in town

He revealed that the court said EFCC had failed to provide evidence to support its claims that his properties were paid for with funds sourced from the Kwara State Government House.

“The Court further held that the evidence before it showed the purchase of properties was legal and as such cannot be said to be done with the proceeds of crime.

“In 2018, the Supreme Court held that there was no evidence to support the claims of corruption leveled against me by the agency while giving its judgment in appeals filed before it challenging the judgments of the Code of Conduct Tribunal and the Court of Appeal,” the former Kwara State governor added.

READ: Heads could roll as AMCON tackles Power Ministry over N1.68 billion payment to UK firm 

Saraki added that he believed the Judiciary to be an institution that upheld the rights and liberties of citizens in a democracy and praised the court for “upholding the laws of our land.”

What you should know 

  • The Attorney general of the Federation, Abubakar Malami inaugurated the inter-Ministerial Committee on the Disposal of Federal Government of Nigeria’s Forfeited Assets and announced that President Muhammadu Buhari has ordered the selling off of forfeited assets in 6 months.

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Business

Lagos, Chinese firm to rollout 1,000 SUVs as taxis, to complete auto assembly plant in 12 months

Lagos State Government has signed an agreement with a Chinese firm to roll-out 1,000 SUVs as taxis for Lagos residents.

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Lagos dismisses levy on audio and visual contents, suspends LSFVCB boss, Lagos SEC meeting goes virtual as full lockdown commences, Partial lockdown guidelines for businesses from May 4, Nigeria @ 60: Lagos State Government opts for a low-key celebration of the Independence Day

Lagos State Government has signed an agreement with a Chinese firm, Choice International Group (CIG) Motors Co. Ltd. on Thursday for the roll-out of 1,000 Sport Utility Vehicles (SUVs) as taxis for Lagos residents.

The signing and flag-off ceremony which was held at the Lagos House, Marina also included the signing of an agreement for the establishment of a Motor Assembly Plant in Lagos State, with the Governor saying that the roll-out of vehicles from the plant is expected within the next 12 to 18 months.

Lagos State Governor, Mr Babajide Sanwo-Olu, said that the Lagos State Taxi Scheme was another innovative policy of his administration targeted at making life easier for Lagosians, improving mobility and creating a seamless multi-modal transport system.

Sanwo-Olu said that the scheme would create jobs, accelerate socio-economic growth, and further put the state on the global map as the centre of excellence and a modern megacity committed to sustainable development.

READ: Toyota snubs Nigeria as it moves to establish assembly plants in Ghana, Ivory Coast 

What Governor Babajide Sanwo-Olu is saying

Sanwo-Olu pointed out that the task of bequeathing a safe, efficient, quick, and modern public transport system is a key thrust of the administration’s T.H.E.M.E.S. Agenda.

He said, ”We are guided by the need for an equitable transport system with mobility choices for our people. The Taxi Scheme, to be known as ”Lagos Ride”, which is being inaugurated today is in fulfilment of our desire to give Lagosians transport choices.

”It is one of the Lagos State Government’s socio-economic intervention programmes- a modern ride-hailing service that will be professionally managed in line with global best practices. Under the Lagos State Taxi Service, drivers/operators will be given the cars for a period of four years during which they pay a monthly instalment and they will have the opportunity of owning the cars after they have fully paid the hire amount.

”The Lagos State Taxi Service is structured along a profitability model, it is self-sustaining and able to expand and regenerate itself,” he said.

READ: Peugeot confirms Dangote’s plans to build new assembly plant.

Sanwo-Olu said that the establishment of the Motor Assembly Plant was expected to revive industrialisation, increase citizens’ employment and wealth creation, boost tourism, and encourage technology sharing, adaptation, and advancement.

He said, ”As we inaugurate the taxis and sign the Joint Venture Agreement for the establishment of the Motor Assembly Plant, Lagosians should expect a roll-out of vehicles from this plant within the next 12 to 18 months.

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”I urge the beneficiaries of the Lagos State Taxi Service to collaborate with us to sustain the scheme.We have the political and administrative will to ensure the Taxi Scheme survives.

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”I am hopeful that the operators will cooperate with the Lagos State Government to render excellent service to the people,” he said.

The Group Chairman, CIG Motors, Diana Chen, said that they hope to celebrate this exciting moment again when 1,000 units of branded SUVs with high-tech technology arrive and run across Lagos streets and roads, with 1,000 well-trained drivers carrying happy customers that live and work in Lagos.

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What this means

  • This collaboration by the Lagos State Government with the Chinese auto firm is one of the ways of the government to get private sector participation in a modern transport system within the metropolis’
  • The establishment of the Assembly Plant and the Lagos Taxi Scheme were among the benefits of Governor Sanwo-Olu’s official trip to China.
  • This is a welcome development as it will help to change the face of public transportation in the state.

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