Subscribers to the Renewed Hope Housing City in Karsana have appealed to the Honourable Minister of the FCT, Barrister Nyesom Wike, to fast-track the issuance of Certificates of Occupancy (C-of-O). Without these documents, they cannot access the Federal Mortgage Bank of Nigeria (FMBN) financing promised under the Renewed Hope Agenda.
Over 1,000 Nigerians, mainly civil servants and private sector employees, have paid their equity contributions of 10%–15%. However, the remaining 85%–90%, expected to be covered through FMBN mortgages, remains inaccessible due to the absence of the C-of-O.
Subscribers praised the rapid progress of the 10.4 km four-lane access road to the estate, highlighting the quality of engineering and timely delivery. They noted this development as a key reason for their early investment in the project.
They also commended the FCT administration’s reform allowing direct issuance of land titles to homeowners, bypassing developers. This policy, aimed at reducing delays, is seen as a bold and progressive move by the minister.
Despite acknowledging the fairness and transparency of the official land title fees, subscribers requested a dedicated desk in the Land Administration Department to accelerate processing for Karsana’s Renewed Hope project.
The group emphasized that without the Certificates of Occupancy, thousands of affordable housing units in Abuja will remain inaccessible, despite the significant progress made.
This initiative represents the first large-scale processing of mortgages for contributors to the National Housing Fund. The potential impact on homeownership in Nigeria is historic if administrative delays can be resolved.
The Association of Subscribers to Renewed Hope Housing City concluded by thanking President Tinubu, the Minister of Housing, and the FCT Minister for their leadership.
They called for urgent action to unlock the final stage of the project: homeownership backed by accessible, low-interest government mortgages.
