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Nigeria : FCTA sanctions mass housing units sale.

The Senior Special Assistant to the FCT Minister on Information Management System, Temila Tangaza disclosed that the executive committee of the Federal Capital Territory Administration (FCTA) has sanctioned the addition of the sale of mass housing units into the scope of work of the accelerated region council reinsurance scheme.

This was revealed at a press briefing on the result of some key decisions taken by the exco meeting on Monday.

She stated the meeting, which was leaded by the minister of the Territory, Bala Mohammed, was pleased with the execution of the project which was started in December last year.

She said With this approval, land owners in the territory, within a specific time, will have their titles of certificate of occupancy which in turn can be used to obtain loans and mortgages that will also transform into economic activities and development in the territory.

The issuance of these titles to owners of this plots will increase the internally generated revenue for the FCTA, through the collection of statutory land fees. The proceeds will then be expended on the infrastructural development of the capital city, she added.

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Publication:Mena Report
Date:Apr 20, 2012
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