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Stakeholders express concern over the absence of legal titles for 94% of properties in Lagos
During the recent launch of Edge Facility Managers in Lagos, stakeholders in the construction sector revealed that 94% of properties in Lagos State lack legal titles. In separate interviews with The PUNCH, they emphasized the need to streamline the land titling process to unlock the dead capital in the country. Victor Alonge, the First Vice President of the Nigerian Institution of Estate Surveyors and Valuers, highlighted this as a crucial step forward.
He said, “The dead capital is dead because the owners have no legal title to land, and without legal title, you cannot access finance for one purpose or the other. In going to a bank, security would be required to serve as collateral for finance to be loaned out. This security means a certificate of occupancy, which serves as a legal title, and without a legal title, banks would not yield their money.
“The solution is to improve the land titling system, giving access to easy registration. Hence, a need for state governors to take it seriously. Lagos State is at the forefront of states with an improved land titling system. You would find out that of the property in Lagos, about 94 per cent have no legal title. And if Lagos is at the forefront, you can imagine states like Nasarawa, Ogun, and Oyo, among others.”
Alonge noted that Edo State had lots of property but the issuance rate of Certificate of Occupancies could be improved.
He added, “There was something that surprised me last week when the Edo State governor came to commission our building in Abuja. He said that when he became governor, the Certificate of Occupancy that was issued since the creation of Edo State up till when he came into power, he was able to count about 2,000 certificate occupancies. However, in less than eight years of his administration, he had been able to issue over 30,000 certificates of occupancy. That is an improvement, but it is still not enough.”
Similarly, the Managing Partner of Ubosi Eleh & Co., Chudi Ubosi, said it was essential to identify the assets available.
He said, “Unfortunately, about 94 per cent of land is without title in Lagos State. That is the nature of what we are because people are afraid of getting the title as they do not trust what the government gives them. They believe that titling gives the government an opening into their lives, by tax deductions, among others.
“In addition, many do not even bother or know the advantages of having a formal title to land, also many are afraid of the process as they always see the government as a bureaucratic monster that consumes. The government needs to do a lot more in building awareness, educating the people, and capacity building.”
Furthermore, Peju Fatuyi, the Chief Executive Officer of Edge Facility Managers, explained that the objective of the launch was to increase public knowledge about operations in the facility management sector.
News
Lagos schedules meeting with owners of distressed buildings.
The Lagos State Government has said it would soon arrange a meeting with developers/owners of distressed buildings on how best to address the redesign and remodelling of such structures by November.
This was disclosed recently by the Commissioner for Physical Planning and Urban Development, Oluyinka Olumide, at a function in Alahusa, Lagos.
Olumide said the prevalence of distressed buildings in different parts of the state was worrisome and needed the urgent attention of all stakeholders.
He said, “The Ministry of Physical Planning and Urban Development as mandated by the Lagos State Urban and Regional Planning and Development Law, 2019, as amended, was willing to extend its responsibility for approving the remodelling of existing buildings to provide technical assistance to developers and owners of distressed buildings, especially on the design and remodelling of such buildings.
News
FG threatens contractors over Enugu-Onitsha road delay
The Federal Government has instructed the contractors responsible for the 107km Enugu-Onitsha road dualization to expedite the project.
This directive was given by the Minister of Works, Senator David Umahi, during a meeting with MTN, the Enugu State Government, and the contractors, RCC Ltd and Nigercat Ltd, on Friday.
According to a statement released on Friday, the minister said he is disappointed over the slow pace of work on the project, he said, “Let me express my disappointment over the slow pace of work on that project. It is one of the worst roads in this country.
“Everywhere we have diversion; diverting from the one that RCC and Nigercat had completed, the contractors are not kind enough to even put stone based on the diversion points.”
He added, “So, by the reason of the launching of our Operation Free our Roads, it is now a violation of the policy on the side of the controllers and directors of the Federal Ministry of Works where we have vehicles falling on any project that is ongoing or where there are potholes on our roads.”
He also blamed the sufferings of road users on the lack of commitment and insensitivity of the contractors.
“The public must know that the President’s intention is not for them to suffer while trying to fix the roads, and it is their right to insist that contractors should fix the roads that they are engaged on,” he said.
The Minister commended the Enugu state government for their resolve to fund the construction of a 20 KM section of the road and expressed hope that MTN would execute the second phase of the project.
He noted, “Why the Enugu State government is intervening is because of the slow pace of work by the contractors and because of funding issues. The essence of tax credit is for funds to be made available. And so, I don’t see RCC going to keep their promise to finish this project in 6 months.
“My advice to MTN is to look for another contractor within that axis if they want to get the job done. Division of labour is even the best. While they are doing the road, and if Nigercat is doing a good job, you can give them greater scope to do if you want to finish that job.”
He warned contractors that the Federal Government would not accept phased handovers of projects and has phased out Variation of Price in contract administration.
News
Ekiti state government mediates land dispute between traditional ruler and family in Epe-Ekiti
The Ekiti State government has intervened to resolve a longstanding land dispute between the Elepe of Epe-Ekiti, Oba Ayodele Adesoye, and the Atolagbe family. The government cautioned against the misuse of modernization as an excuse to disregard traditional customs.
In line with the community’s traditions, the government has ordered the release of resources, including palm trees at Oko Oba Farmland, to Oba Adesoye for his administration. This decision ensures the continued adherence to age-old practices.
Ekiti State Deputy Governor, Chief (Mrs) Monisade Afuye, announced the resolution in Ado-Ekiti. The decision was made after considering the Elepe’s claim to Oko Oba Farmland based on historical evidence.
Mrs. Afuye acknowledged the Elepe’s right to be the custodian of Oko Oba Farmland, citing longstanding traditions that support his claim. The decision reflects the importance of respecting historical practices and ensuring their preservation.
The deputy governor, however, told the monarch in clear terms that other princes and princesses from all the three ruling houses should be allowed to farm on the land without payment of royalty.
Mrs Afuye appealed to the community to comply with the government’s position to restore unity, peace and orderliness to the beleaguered community.
Oba Adesoye expressed gratitude for the government’s decision and pledged to foster peace and unity between the throne and the community, aiming to accelerate Epe’s development.
Representing the Atolagbe family, Dr. Yemi Agbeleoba acknowledged their willingness to cede Oko Oba Farmland to the monarch. However, he emphasized the need for all three ruling houses to participate for a lasting and traditional solution.
Agbeleoba expressed appreciation for the government’s directive, believing it will contribute to resolving the long-standing conflict.
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