The Minister of the Federal Capital Territory (FCT) in Nigeria, Nyesom Wike, has given owners of 189 undeveloped plots of land in the FCT a three-month deadline to begin developing them or risk having their land revoked.
The Director of Information and Communication at the FCT Administration, Muhammad Sule, said on Sunday that the affected property owners had obtained building plan approvals, but had not yet started developing their plots.
Sule said that the grace period applied to individuals, corporate organisations and public institutions. He added that the minister had extended the gesture to 189 property owners because they had demonstrated their commitment to developing their plots by obtaining the necessary approvals from the FCT Administration.
“The minister is urging the affected property owners to take advantage of the gesture and develop their plots in line with the terms of their offer of Right-of-Occupancy,” Sule said.
The director also appealed to public institutions that had been allocated land to begin the development of their plots, failing which their title documents would be revoked.
The FCT is the administrative capital of Nigeria and is home to the country’s government offices, embassies and other important institutions. The city has been growing rapidly in recent years, and there is a high demand for land.
The Nigerian government has been trying to encourage the development of undeveloped plots of land in order to boost housing supply and create jobs. The government has also been trying to crack down on land speculation, which has been blamed for driving up land prices.
It is not clear why the 189 property owners have not yet started developing their plots. However, it is possible that they are waiting for the economy to improve or for the price of land to rise further.