The Federal Government has joined forces with the World Bank to tackle the pressing issue of unregistered land in Nigeria.
The partnership aims to unlock the vast economic potential of the nation’s land resources, estimated to be worth over $300 billion.
During a recent meeting, the Minister of Housing and Urban Development, Arc. Ahmed Musa Dangiwa, and a delegation from the World Bank led by Vice President Guangzhe Chen, agreed on a strategic plan to address the problem. The primary goal is to register and title 90 percent of all land parcels in Nigeria within five years.
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“This is a critical step towards making our land assets more economically viable,” Minister Dangiwa emphasized. “By formalizing land ownership and transactions, we can attract investment, create jobs, and improve the overall well-being of our citizens.”
The collaboration will involve several key initiatives, including:
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- National Land Registration and Titling Program: A joint effort with state governments to expedite land registration processes.
- National Digital Land Information System (NDLIS): The development of a digital platform to streamline land records and transactions.
- Increased Formalization of Land Transactions: A target to raise the percentage of formalized land transactions from less than 10 percent to over 50 percent within a decade.
- Capacity Building: Training and deployment of skilled land registration officers nationwide.
The World Bank has pledged its support, offering both financial assistance and technical expertise to help Nigeria achieve these ambitious goals. The partnership is expected to have a significant impact on the country’s economy, housing sector, and urban development.
