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Wike Set to Reclaim Undeveloped Lands Allocated Over Two Years Ago!

Federal Capital Territory (FCT) Minister Nyesom Wike Initiates Landmark Reforms in Land Administration

In a significant move aimed at revitalizing land administration in Nigeria’s Federal Capital Territory, Minister Nyesom Wike has approved comprehensive reforms that will take effect from April 21, 2024. At a recent news briefing in Abuja, Chijioke Nwankwoeze, director of the FCT Land Administration Department, shed light on the details of these reforms, which are poised to streamline processes for land allocation and development significantly.

One of the notable changes under the new framework is the introduction of a two-year deadline for land allottees to erect and complete developments on any land granted within the FCT. This is a substantial step forward in ensuring timely development, which is crucial for addressing housing needs and urban planning challenges in the capital.

Moreover, the new regulations stipulate that after receiving an offer for land, allottees will have 21 days to make full payment of fees, rents, and other charges associated with Statutory Rights of Occupancy. Any delay beyond this period could result in the cancellation of the offer, emphasizing the importance of timely transactions in this sector.

Interestingly, the reforms also focus on regularizing land allocated by Area Councils, which will now be treated as urban land. This means that all land documents previously issued by these councils must be standardized to meet statutory title requirements. Since 2006, only a small fraction of the lands has undergone this regularization process, leaving a significant backlog. Out of over 261,900 documents submitted for validation, only 8,287 have been vetted, and just 2,358 regularized to statutory titles. This underlines the urgent need for continued reform and efficiency in the system.

As part of this initiative, the FCT Administration will expedite the issuance of titles for Mass Housing and Sectional Interests, with a clear directive for developers and subscribers to submit their applications for processing. The administration hopes to commence title processing by April 21, 2025, a timeline that offers hope for many looking to secure rightful ownership of their properties.

These sweeping reforms are a positive indicator of the FCT administration’s commitment to improving land governance and addressing the longstanding issues that have plagued property development in Nigeria’s capital. The changes aim not only to ease burdens on landowners and developers but also to facilitate urban growth and development in a sustainable and organized manner.

Stay tuned to Africazine for more updates on land administration reforms and other political developments across Africa.

#Politics #BusinessNews #WorldNews #Nigeria #LandReforms #UrbanDevelopment

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