The Governor of Edo State, Godwin Obaseki, has announced that his administration has recently granted over 30,000 Certificates of Occupancy to qualified homeowners and investors.
This move aims to stimulate real estate investment in the state. During the inauguration of the Nigerian Institution of Estate Surveyors and Valuers headquarters in Abuja, he made this significant revelation.
In the time leading up to Governor Obaseki’s tenure, the number of C of Os issued in the state was relatively low, at around 2,000. In a recent statement, he highlighted the crucial role played by the institution in tackling pressing issues such as building collapses and real estate scams.
Governor Obaseki also shed light on the pressing concerns plaguing Nigeria’s built environment. He emphasized the exorbitant costs of building materials and the rampant prevalence of real estate scams. A call was made for professional bodies to maintain the utmost standards and principles.
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In a recent announcement, the governor unveiled his vision for the future of Edo region and Benin City. With the implementation of the 30-year Edo Regional Development and Benin City Master Plans, the government aims to provide a clear roadmap for development in the coming decades.
Governor Obaseki emphasized the significance of upholding quality and ethics during his address to the institution’s members. He highlighted the ongoing challenges, such as the foreign exchange crisis, which are affecting the valuation and assets in the country.
In a recent statement, he highlighted the crucial contribution of the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to the economy. The institution plays a vital role in various sectors, including project finance, real estate consulting, and business assets valuation.
The President of NIESV, Johnbull Amayaevbo, emphasized the institution’s dedication to the progress of the nation and its influence on the real estate sector in Nigeria during his opening speech.
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