The Nigerian Institution of Estate Surveyors and Valuers has called on the Minister of Federal Capital Territory, Muhammad Bello to revoke all landed properties allocated over a long period of time but are yet to be developed within the city centre.
It condemned a situation where landed properties are left idle for years without developing them and described such as against the vision of government in making the city one of the best in the world.
The President of the institution, Mr James Omeru, stated these when making the FCT Minister patron of the NIESV in accordance with its constitution.
Omeru told the FCT Minister that “we observed that some of the plots in the Central Area Phase II are not developed. It is our suggestion that a deliberate attempt should be made to revoke those areas that are yet to be developed and to be allocated to allotees who are ready to develop immediately.”
Omeru also appealed to the FCT minister to make land available to the institution to enable it build affordable mass housing for Nigerians.
According to him, “as a player in the real estate and building industry, it has always been our desire to build a modern housing estate in the FCT. We appeal to you to allocate land to us for this purpose.”
In his acceptance speech at his investiture, Bello agreed to work with the institution in reducing the amount being charged as property rent.
He said one of the ways which this could be achieved is for the institution and it’s members to reduce the amount charged as commission on properties.
The minister urged the institution to consider reducing the commission as it would go a long way in alleviating the sufferings of the people.
By this conferment, the minister would be playing a key role in the institution’s 46th annual conference holding this week.
Source: The Nation