Edo State Governor, Godwin Obaseki, revealed that his administration has granted over 30,000 Certificates of Occupancy (C of Os) to eligible homeowners and investors in a bid to stimulate real estate investment within the state.

Speaking at the inauguration of the Nigerian Institution of Estate Surveyors and Valuers headquarters in Abuja, Governor Obaseki noted that approximately 2,000 C of Os were issued prior to his tenure. He underscored the importance of addressing profession-related challenges such as building collapses and real estate scams.

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Highlighting prevalent issues in the built environment, including high building material costs, collapses, and scams, the governor urged professional bodies to uphold rigorous standards and principles.

Obaseki elaborated, "When we assumed office, only 2,000 C of Os had been issued to residents, but today we have approved over 30,000 certificates. This initiative has streamlined the process, enabling individuals to obtain certificates within 60 days, facilitating access to capital for development."

Regarding future plans, Obaseki disclosed intentions to implement the 30-year Edo Regional Development and Benin City Master Plans, envisioning a roadmap for development over the next three decades.

He also acknowledged the economic significance of the Nigerian Institution of Estate Surveyors and Valuers (NIESV), recognizing its diverse influence encompassing valuation, project management, consulting, and infrastructure management.

NIESV President, Johnbull Amayaevbo, echoed the institution's commitment to national development, emphasizing its role in fostering professional conduct, healthy competition, and continuous development within the real estate industry.

Source: PunchNG

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