Would you like to receive notifications on latest updates of the following headlines?

Obaseki Issues 30,000 CoO for Benin Urban Master Plan

POSTED ON March 25, 2024 •   Business      BY Abiodun Saheed Omodara

The Edo State Governor, Godwin Obaseki, has issued no fewer than 30,000 Certificates of Occupancy to eligible homeowners and investors to boost real estate investment in the state. 

The governor disclosed this during the inauguration of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) headquarters in Abuja. 
“When we came on board, only 2,000 CofO were issued to residents, but today we have approved over 30,000 certificates," he said.
The initiative has opened up the space so that people can easily acquire the certificate in 60 days to access capital for development. 

He reiterated his commitment to the Benin Urban Master Plan to provide direction and pathways for development for the next 30 years.
He advised the institution to tackle profession-related challenges like building collapses and real estate scams. 

He stated that the country is contending with several issues in the built environment, including the high cost of building materials, building collapses, and real estate scams, among others. 

The governor called on professional bodies to maintain the highest standards and principles.

“In Nigeria today, we must contend with numerous issues in the built environment, such as quackery, building collapses, and real estate scams, among others. This calls into question the purpose of professional bodies and challenges their standards of existence.
“Amid these challenges, it is reassuring that this institution has held steadfast to its mandate of raising professional standards and ensuring its members offer nothing but the best services within the field’s value chain.”
“We are currently working on the development of the 30-year Edo Regional Development and Benin City Master Plans, which are documents that would provide direction and pathways for development for the next 30 years, he stated.
“In times like this, some clients may seek to compromise on quality and ethics. However, I trust that you are well-versed in your practice to guide them right, especially considering the dangers of compromising on materials and standards in constructing public and private projects. 

“This implies that your coverage area profoundly impacts the larger economy, and the responsibility on your members is enormous as we navigate these troubling times, considering the foreign exchange crisis and its impact on valuation and assets within the country." 

The NIESV President, Johnbull Amayaevbo, Earlier in his opening speech, highlighted the institution’s commitment to the country’s development and its role in the built sector.
NIESV’s role in the built sector and national development cannot be overstated. In laying the parameters for professional and ethical conduct, healthy competition, and continuous professional development, NIESV has helped guide the evolution of a real estate industry that has grown to become the envy of the continent,” Amayaevbo stated.

READ ALSO
FG unveils plans to recapitalize BOA for enhance food security
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA, Nigeria - The federal government has revealed plans to recapitalize the Bank of Agriculture (...

READ ALSO
Public Outcry: Rep urges delay on telecom tariff hikes amid economic strain
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA, Nigeria - The House of Representatives has urged Dr. Bosun Tijani, the Minister of Communicat...

READ ALSO
Nigerians react to MTN's data price increases
BY Abiodun Saheed Omodara February 12, 2025 0

In a decision that has incited considerable indignation among users on 'X' (formerly Twitter), MTN N...

READ ALSO
CBN adjusts ATM transaction fees amid rising operational costs
BY Abiodun Saheed Omodara February 12, 2025 0

The Central Bank of Nigeria (CBN) has revealed a significant adjustment to its Automated Teller Mach...

READ ALSO
NCS suspends 4% FOB levy on imports
BY Abiodun Saheed Omodara February 11, 2025 0

The Nigeria Customs Service (NCS) has announced the temporary halt of the contentious 4% Free-on-Boa...

READ ALSO
Domestic refiners challenge crude producers over lack of allocations
BY Abiodun Saheed Omodara February 10, 2025 0

Access to crude oil for domestic refiners, including modular refineries, has remained nearly nonexis...

READ ALSO
NECA raises alarm over 4% customs administration charge
BY Abiodun Saheed Omodara February 10, 2025 0

The Nigeria Employers’ Consultative Association (NECA) has expressed its worries regarding the...

READ ALSO
IFC commits $50m to transform LFZ into Industrial Hub
BY Abiodun Saheed Omodara February 8, 2025 0

LAGOS, Nigeria - The International Finance Corporation (IFC) has declared a $50 million equity inves...

OUR CHANNELS:

NCS transfers 1,599 firearms to NSA
BY Abiodun Saheed Omodara February 15, 2025 0

LAGOS, Nigeria - The Nigeria Customs Service (NCS) has officially transferred 1,599 different types...


2027 Elections: Labour Party reaffirms commitment with Obi's candidacy
BY Abiodun Saheed Omodara February 14, 2025 0

In anticipation of the 2027 general elections, the Labour Party (LP) National Publicity Secretary, A...


Copa del Rey Draw: Real Madrid avoids Barcelona in semifinals
BY Abiodun Saheed Omodara February 14, 2025 0

The eagerly awaited draw for the Copa del Rey semifinals has been officially revealed, with Real Mad...


Tinubu highlight mainstream AI to expand digital infrastructure
BY Abiodun Saheed Omodara February 14, 2025 0

ABUJA, Nigeria - President Bola Tinubu has detailed his administration's plans to integrate modern a...


Ogun speaker highlights Dangote's support for Nigeria's growth
BY Abiodun Saheed Omodara February 14, 2025 0

OGUN, Nigeria - The Speaker of the Ogun House of Assembly, Oludaisi Elemide, praised Aliko Dangote,...


Mohbad, Odumodu Blvck leads nominations as Headies announces 17th edition line-up
BY Abiodun Saheed Omodara February 14, 2025 0

The Headies awards, Nigeria's premier music awards, announced its nominees on Wednesday for the upco...


FG unveils plans to recapitalize BOA for enhance food security
BY Abiodun Saheed Omodara February 13, 2025 0

ABUJA, Nigeria - The federal government has revealed plans to recapitalize the Bank of Agriculture (...


Drug Abuse: NDLEA urges community collaboration to protect youth
BY Abiodun Saheed Omodara February 14, 2025 0

ONDO, Nigeria - The National Drug Law Enforcement Agency (NDLEA) reports that approximately 14 milli...


Grassroots Rugby: NRFF appoints coaches, to Promote Girls' involvement
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA, Nigeria (NAN)- The President of the Nigeria Rugby Football Federation (NRFF), Ademola Are, ha...


NDLEA calls for action against drug-related misinformation
BY Abiodun Saheed Omodara February 12, 2025 0

ABUJA,Nigeria (NAN)- The National Drug Law Enforcement Agency (NDLEA) called on the Federal Governme...


More Articles

Load more...

Menu