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From Magnus Eze, Enugu
Enugu State Governor has received commendation for signing the Land Use Regulation 2025 and Executive Order No. 1, 2025, designating several locations across the state as urban areas.
Managing Director of Powell Homes and Shelters Ltd, Chibuikem Onyekachi, who made this known described the move as transformative, noting that it aligns with the administration’s vision to enhance land administration and boost economic opportunities.
Briefing newsmen in Enugu, Onyekachi highlighted the significance of the new regulation in driving development.
“This bold initiative will significantly increase the value of properties across the state and provide residents with improved access to essential resources. It enables property owners to secure Certificates of Occupancy, thus removing a major barrier to economic empowerment.”
The real estate expert further emphasised the economic benefits of the regulation, stating that with Certificates of Occupancy, residents in the newly designated urban areas can now unlock the financial potential of their properties.
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“Property owners can now easily access loans and other forms of credit to grow their businesses. This creates a ripple effect that promotes entrepreneurship and boosts the state’s overall economic growth.”
Onyekachi noted the transparency and efficiency embedded in the policy, while applauding the administration’s commitment to eliminating hidden charges, double allocations, and land-grabbing issues, all of which had plagued land transactions in the past.
According to Onyekachi, the regulation positions Enugu State as a model for land administration in Nigeria.
“This is the kind of visionary leadership we need to attract investors and create an environment conducive to development. It sets a precedent that other states should emulate,” he said, adding that the policy aligns perfectly with the modern goals of urban planning and development.
The Powell Homes MD also expressed optimism that public enlightenment campaigns promised by the administration would ensure residents fully understood the new processes. He urged property owners, real estate companies, and realtors, among others, to take advantage of the opportunities provided by the regulation, especially in applying for Certificates of Occupancy to safeguard their investments.
Onyekachi, however, reaffirmed his company’s support for the administration’s initiatives. “Powell Homes and Shelters Ltd remains committed to collaborating with the government to develop sustainable housing solutions for Ndi Enugu. We are going to help Governor Peter Ndubisi Mbah to achieve a state where property ownership translates to prosperity and security for all,” he declared.
