Nigeria’s Private Sector led Coalition Against COVID-19 (CACOVID) yesterday formally announced the flag-off of a nationwide distribution of multi-billion naira food palliative and other relief items to mitigate the adverse effects of the novel coronavirus pandemic on vulnerable Nigerians.
The food relief materials for which the private sector operators are spending about N23 billion, will cover 1.7 families amounting to about 10 million people across the 774 local governments in the country, including the Federal Capital Territory.
CACOVID Administrator and CEO of Aliko Dangote Foundation (ADF), Zouera Youssoufou told newsmen in Lagos that the food distribution is the next phase in the line of actions mapped out by the coalition to partner government in the fight against the coronavirus pandemic and relief the vulnerable people of the burden posed by the outbreak of the disease.
Zouera disclosed that with the announcement in Lagos, the Coalition has divided the nation into the six geo-political zones and the distribution was being flagged-off simultaneously in states such as Adamawa, Yobe, Ekiti Ogun, delta, Edo, Kano, Sokoto, Kaduna, Plateau, and Nasarawa.
The offer of food palliatives, it will be recalled is coming on the heels of donations by CACOVID, of medical equipment in some instances to state governments to strengthen their response capacity and outright building of isolation facilities in about 38 centres in the country for which the Coalition had spent about N15 billion to help ease off the pressure on the states and federal government in their responses to the Pandemic.
CACOVID has also helped to reinforce the testing capacity of the NCDC with the donation of over 300,000 test kits and PPEs just as the Coalition is primed to commence the third and final phase of its COVID-19 response plan.
Mrs. Youssoufou displaying some of the food items disclosed that each family that would benefit from the palliatives would receive in various quantities, Rice, Pasta, Garri, Maize, Semo, noodles, salt and Sugar.
She explained the rationale behind the involvement of private sector operators in the fight against Covid-19 saying the irreducible minimum the private sector could do as partners in nation building is to collaborate with government at all levels to help fight the pandemic and reduce the hardship it has brought upon the nation and her people.
“CACOVID has since the onset of the coronavirus pandemic been committed to providing relief packages to the most vulnerable. The Coalition’s primary focus was to aid the Federal Government in the fight against COVID-19”,
“Having done this successfully, we are turning our attention to offering a reprieve to households who have been adversely affected by the scourge of the virus. Through this Food Relief Programme, we will be reducing the risk of a second viral wave by encouraging people to remain indoors rather than expose themselves when seeking to provide food for themselves and their families, Zouera stated.
The Aliko Dangote Foundation CEO reiterated that the Coalition will be working closely with the state governments through the Nigerian Governors Forum to ensure all targeted families are reached and that it is done transparently.
She said: “The State Governors and FCT Minister, through the State Implementation Committee, will appoint a coordinator to diligently record and send an accurate and complete copy of the inventory tracker and goods delivery notes to the CACOVID Operations Center daily through the State CACOVID Representative to ensure timely and efficient delivery and proper transparency and accountability.”
According to her; “The Food Relief Programme is being managed by the CACOVID Operations Centre in Lagos and we have procured the various food items from leading Nigerian Fast Moving Consumer Goods (FMCG) companies to achieve the necessary scale, speed, and quality assurance at carefully negotiated prices that reflect value for money without creating negative market distortions. Each pack or box is clearly identified and marked as ‘Not For Sale’.
“CACOVID has laid out an elaborate plan and will be distributing the relief packages to the target beneficiaries across all 774 Local Government Areas in Nigeria with the State Governors and the Minister of the Federal Capital Territory (FCT) as champions of this initiative in each state”, Youssoufou added.
She assured that since the resources of CACOVID are the contributions of private sector operators, operations and the account are being audited to ensure transparency and accountability.
Explaining the strategy being adopted for the distribution, Ms Osayi Alile, CEO, AspireCoronation Trust (ACT) Foundation, who is also CACOVID
Operations Implementation Committee member, explained that the Coalition was not political party biased but discharging its mandates to all Nigerians as ;aid out in the CACOVID objectives and goals.
According to her, a state implementation Committee has been constituted in each state which in turn draw up a list of households based on clearly defined criteria used to select the benefitting households that is consistent with the objectives of the CACOVID National Food Relief Programme.
“The State Government, through the State Implementation Committee, will organize for representatives of all the state Local Government Areas (LGAs) to collect the allocations for each LGA and oversee the redistribution to each Ward and onto each eligible beneficiary at the grassroots subsequently based on an agreed distribution schedule”, she explained.
In his remark, the Group Chief Corporate Communication Officer, Mr. Anthony Chiejina stated that while the food distributions are going on across the nation the Coalition would continue to intensify its grassroots awareness campaign on the virus simultaneously.
“While the people are being fed, we are also telling them that the virus is real and what should be done by way of hygiene to stay safe.”
Another CACOVID leader and the Group Head, Corporate Communication, Access Bank Plc, Amaechi Okobi pleaded with the media to help inform the people of the food distribution phase of the Coalition action plan saying the people deserve to know is being done to compliment government’s efforts to reduce the effect of the deadly virus.
The Role of Certificate of Occupancy in Property Valuation Method in Nigeria by Dennis Isong
In Nigeria’s real estate landscape, property valuation serves as a crucial process that determines the worth of a property for various purposes, including buying, selling, and securing loans. One significant document that plays a pivotal role in this process is the Certificate of Occupancy (C of O). This legal document, issued by the state government, confirms an individual’s right to use and occupy land for a specified period.
Understanding the interplay between the C of O and property valuation is essential for investors, developers, and homeowners alike, as it can significantly influence market perceptions and property prices.
Understanding the Certificate of Occupancy
The Certificate of Occupancy is a legal document that signifies ownership and the right to occupy land. In Nigeria, land ownership is primarily governed by statutory laws, customary laws, and the Land Use Act of 1978, which mandates that all land in urban areas is owned by the government. Thus, the issuance of a C of O is necessary to establish a legal claim over any parcel of land.
Obtaining a C of O is a comprehensive process that involves several steps, including land survey, payment of necessary fees, and completion of relevant documentation. Once issued, the C of O provides security to the landowner by guaranteeing their rights against unlawful eviction or encroachment. This security is a significant factor in property valuation. Properties with a valid C of O are generally seen as more valuable and less risky compared to those without, as the certificate signifies legal recognition and ownership rights.
C of O and Market Perception
The presence of a C of O can significantly influence market perception and the demand for a property. Properties with a valid Certificate of Occupancy are typically viewed as more desirable by potential buyers and investors. This perception stems from the legal security that a C of O provides. Buyers are more likely to invest in properties with a C of O because they have assurance that their rights are protected, and the likelihood of disputes regarding ownership is minimized.
Moreover, lenders and financial institutions often require a C of O before approving loans for property purchases or developments. A valid C of O enhances the credibility of the property, making it easier for buyers to secure financing. This accessibility to finance, in turn, can lead to increased property demand, thereby driving up its valuation. Conversely, properties lacking a C of O may be perceived as risky investments, resulting in lower valuations and reduced buyer interest. Thus, the C of O serves as a critical indicator of a property’s reliability and marketability.
C of O in the Property Valuation Process
In the property valuation process, a valuer considers various factors to determine the value of a property. These factors typically include location, size, condition, and comparable sales in the area. However, the existence of a C of O is often a prominent consideration. During the valuation process, valuers will assess the C of O to ascertain the legal standing of the property. A valid C of O not only confirms ownership but also indicates compliance with local land use regulations, zoning laws, and building codes.
Valuers may also take into account the duration of the C of O. In Nigeria, a C of O is usually granted for 99 years, and this long tenure can positively influence a property’s valuation. The security provided by a long-term C of O assures potential buyers of their rights over the property for an extended period, making it a more attractive investment. Conversely, properties without a C of O, or those with expired or disputed certificates, may be valued lower due to the inherent risks associated with such properties.
Furthermore, a C of O can impact future development potential, which is a crucial aspect of property valuation. Properties with a valid C of O are more likely to receive the necessary approvals for development or alteration, while those without may face legal hurdles. This potential for development can enhance the property’s value, as it indicates future income generation possibilities. Consequently, valuers consider the C of O as a critical factor that influences the overall worth of the property in the market.
Challenges and Implications of C of O in Property Valuation
Despite its importance, the C of O is not without challenges. The process of obtaining a C of O can be lengthy and complex, leading to delays in property transactions. In some cases, disputes over land ownership can arise, particularly in areas where customary land tenure systems are prevalent. These disputes can complicate the valuation process, as properties with contentious C of Os may be difficult to sell and consequently valued lower.
Additionally, the presence of a C of O does not automatically guarantee a problem-free investment. Factors such as environmental issues, development restrictions, or changes in land use policies can affect property value. Valuers must therefore conduct thorough due diligence, considering not only the existence of a C of O but also any associated risks or liabilities.
In conclusion, the Certificate of Occupancy plays a crucial role in property valuation methods in Nigeria. As a legal document that signifies ownership and security, it significantly influences market perception and property demand. Valuers must consider the C of O when assessing a property’s value, as it reflects the legal standing and development potential of the land. However, challenges associated with the C of O, such as ownership disputes and regulatory complexities, must also be navigated to ensure accurate valuations. For stakeholders in the Nigerian real estate market, understanding the importance of the C of O is vital for making informed investment decisions and maximizing property value.
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“From Ankara to Amala: Owambe Party unveils Christmas Edition for party lovers in Lagos
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The Appeal Court in Abuja has announced Alhaji Tajudeen Ibikunle Baruwa as the lawful President of the National Union of Road Transport Workers (NURTW).
It can be recalled that Musiliu Ayinde Akinsanya, popularly known as MC Oluomo, was days ago inaugurated as NURTW president.
The recent decision came after the court reviewed and upheld an earlier ruling by the National Industrial Court.
The initial judgment, delivered on March 11, 2024, recognized Baruwa as the rightful president of the union. However, an appeal was filed by Alhaji Najeem Usman Yasin, Alhaji Tajudeen Agbede, and their supporters. They argued against the Industrial Court’s decision but were unsuccessful in convincing the appellate court.
A three-member panel of justices, Hamma Akawu Barka, Nnamdi Dimgba, and Asmau Ojuolape Akanbi, ruled that the appeal lacked merit. The court declared Baruwa as the elected leader of NURTW and dismissed the challenge brought forward by MC Oluomo’s faction.
In addition to confirming Baruwa’s position, the Appeal Court ordered the appellants, who are supporters of MC Oluomo, to pay N100,000 as damages to the respondents.