C-OF-O FEE REDUCTION

The Federal Capital Territory Minister, Nyesom Wike, has reduced the fee for Certificates of Occupancy (C-of-Os) for land in Abuja from ₦5 million to ₦3.5 million. 

The adjustment follows objections from stakeholders in the real estate sector. 

Wike announced the reduction during his second monthly ministerial press briefing on November 24 in Abuja, as previously indicated. 

The C-of-O fee is now a flat rate for all land sizes across the FCT, as reiterated by Wike.