Wike Gives New Rate of C-of-Os for Abuja Lands
Minister of the Federal Capital Territory, Nyesom Wike, has issued a new rate of Certificates of Occupancy, C-of-Os, for plots of land in Abuja.
The minister brought down the price from N5 million which was opposed by stakeholders and key players in the real estate sector to N3.5 million.
In a statement signed by the Director of Press (Office of the FCT Minister), Anthony Ogunleye stated that Wike announced the decision during his second monthly ministerial press briefing on Friday.
He also noted that Wike had indicated days ago that there would be a downward review of the C-of-O fee.
The new price is a flat rate for all sizes of land regardless of the location of the land in the Federal Capital Territory, says Wike.
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