October 27, (THEWILL) – Governor Dapo Abiodun of Ogun State on Wednesday launched the State Land Administration and Revenue Management System, OLARMS, to enable investors and income earners procure lands for their own and establish their investments in order to increase the state’s Internally Generated Revenue, IGR.
This was just as the governor also announced one-month moratorium for residents and entrepreneurs who have properties on portions of land already acquired by the State Government.
Abiodun, while unveiling OLARMS, at TecHub in Abeokuta, the state capital said that the new initiative would help both local and foreign investors as well as interest person from within and outside the country acquired the lands of their own from the state without out stress.
He said that with the establishment of the initiative people who apply for the land could receive their documents within the period of 30 days, as the state government had provided e-registry to allow applicants have access to their Certificate of Ownership online.
The governor, who gave out the online website:www. olarms.ogunstate.gov.ng for the land purchase, noted that OLARMS would avail people the opportunity to buy land directly from the government and remove the insurance of C of O on government lands, stop indiscriminate as well as unapproved property development.
He opined that the decision of OLARMS was borne out of the need to further demonstrate his administration commitment to deepen our ease of doing business and available people the opportunity to own lands without fear of encroachment on government acquired land or their properties marked for demolition in the future.
Abiodun however hinted that anyone or company that have built on government acquired land have up till November 30 to apply for ratification of their documents as the state has emplaced a trustworthy and accessible digital platform providing matchless quality in the administration of land products and services
“These applicants can utilize the portal to perfect property titles and obtain their Certificate of Occupancy including those that have enrolled in the Home Owners Charter Programme.
Our ambition is that applicants should receive their title documents within 30 days of full payment,” he stressed
The governor divulged that the system would provide benefits to commercial, industrial and residential developers, attributing the failure of the Home Owner Charter scheme of the previous administration to human factors and legal tussle, among others.
He said that the schemes available for sale on the OLARMS website from include Hill Crest Estate, Abeokuta and the President Muhammadu Buhari Estate, along Kobape Road, Abeokuta, Ever Green Estate, Adigbe, LUD Site, Ilaro, among others that would be added unto OLARMS in the nearest future for residential, commercial, and industrial land acquisition”.
“Land is our own crude oil in Ogun State and we must manage our land resources to ensure the present and future prosperity of our State is assured as we also aim at harnessing the State’s land mass to further demonstrate the commitment of government to deepen the ease of doing business as well as provide the needed ambience for business to thrive in the state”, Abiodun noted.
According to the governor, “OLARMS will inform the ‘HOW, the ‘WHAT’, the ‘WHO’, the ‘WHEN’, the ‘WHERE’ and the revenue to government to ensure that government indeed gets what it deserves.
“We also aim to establish an ‘E’ registry which will dematerialize C of O’s and stimulate a secondary real estate equity. This is where C of O’s are no longer paper, they will be like your stocks and shares, it will allow for the birth of industries like credit Bureaus in Ogun state”.
Earlier, the Chief Economic Adviser and Commissioner for Finance, Dapo Okubadejo, described OLARMS as a revolutionary and technological driven initiative aimed at leveraging on the huge potentials inherent from land with a view to enable the State gain maximally from it.
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