FCT: Wike signs 26,272 Certificates of Occupancy under Tinubu

The Federal Capital Territory (FCT) Administration has signed 26,272 Certificates of Occupancy (C-of-O) since President Bola Ahmed Tinubu assumed office, according to the FCT Minister, Nyesom Wike.

The fig is 17,575 higher than the 8,697 Certificates of Occupancy produced and signed betwixt 2010 and 2023.

According to a connection issued on Sunday by Lere Olayinka, Senior Special Assistant to the FCT Minister connected Public Communications and Social Media, 5,500 Certificates of Occupancy were produced and signed during the five-and-a-half-year medication of erstwhile President Goodluck Jonathan, portion 3,197 were produced and signed during the eight-year medication of erstwhile President Muhammadu Buhari.

Olayinka said galore of the beneficiaries of the 26,272 Certificates of Occupancy issued nether the existent medication had received their onshore allocations much than 10 years ago.

He said the issuance of Certificates of Occupancy was important to businesses due to the fact that the documents could service arsenic collateral for commercialized loans, mortgages and concern expansion.

According to him, the inability of spot owners to get Certificates of Occupancy erstwhile needed had been 1 of the challenges facing tiny and medium-sized businesses, arsenic it restricted their entree to funding.

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