COVID-19: Kwara gov issues 175 Cs of O
The Governor of Kwara State, AbdulRahman AbdulRazaq has signed 175 certificates of occupancy (Cs of O) that had been pending since 2016.
The Director General of the Bureau of Land Barrister Bolaji Edun said in a statement on Friday that the feat was unprecedented in the recent history of the state.
“All in all, the Governor has signed 175 C of Os. He also gave approval for 102 subsequent transactions like mortgages, leases, assignments that had been pending since 2016 to date. The effect of this singular act of the Governor is that the economy of the state will pick up immediately after the COVID-19 lockdown,” Edun said.
He said the step would enable owners to access to loans in the capital market to kickstart or expand their businesses.
“There will be inflow of capital to the state and this will have spiralling effects on the economy including the informal sector. It is going to be a win-win situation for everyone,” he added.
