The Government of Cross River State has begun the enumeration of all built-up properties in the state.
This is through the State Fiscal, Transparency, Accountability and Sustainability, SFTAS, Programme.
A statement by the News Agency of Nigeria said this was contained in a release by the State Project Manager, World Bank SFTAS Programme, Mr Ted Inyang.
He said the exercise was geared towards helping the government plan better for the economy and security of the state.
According to him, the enumeration would also ensure better physical and town planning as well as guide the government in infrastructural development.
“Additionally, the exercise will also ensure that house owners and landlords had a proper evaluation of their houses for the purposes of its use as collateral for securing loans from banks and financial institutions.
“This enumeration process is a win-win for both the government and the citizens.
“While it will help the government to properly plan infrastructural development, the landlords will, through it, get to know the actual value of their properties.
“The pilot exercise will last for 20 days, beginning from June 13 to July 2, 2022, in six wards of Calabar Municipal and Calabar South local government areas,” he said.
Inyang added that the SFTAS programme was a collaboration between the Federal Government and the World Bank.
He explained that it was designed to strengthen Fiscal Transparency, Accountability and Sustainability in Nigerian states.
It was also a way of improving their revenue base, increasing efficiency in public expenditure and reducing debt overhang, he noted.
“The four-year programme is expected to run from 2018-2022 with a budget size of $750Million meant to be shared among all the 36 states of the Federation and the FCT.
“Accordingly, residents of the state, especially property owners/landlords, are kindly requested to cooperate with our team of enumerators,” he said.