Business
Property Agent Makes Case For Land Act Removal
The President of the Nigerian chapter of the International Real Estate Federation (FIABCI) Kola Akomolede has called for the removal of the Land Use Act from the constitution since it has not made any significant impact in Property Development in Nigeria, since its inception in 1978.
Rather than make remarkable impact in the real estate sector, Mr. Akomolede said 32 years after, that the act which was enacted to deal with all the troublesome and complicated matters of land in the country, has compounded issues.
Making this known while speaking to the press on the state of property development and the effect of land use act so far on development in Nigeria, the FIABCI boss said the land use act was the most revolutionary piece of legislation the country has witnessed since independence, as far as land matters were concerned.
Akomolede who also is the chairman faculty of Housing, Nigerian Institute of Estate Surveyors and Valuers (NIESV) said the diffused nature of ownership made it difficult to ascertain who owns where and which, adding that the possession of a registered conveyance did not help matters as it was possible for two or more persons to have registered conveyance on the same piece of land, before the act was promulgated.
He said government and land developers were therefore always faced with protracted litigation over land acquired or bought for development purposes, adding that many developers have had to pay two, three or even four times for the same piece of land to retain such land, before the 1978 decree.
According to the FIABCI boss, “There was also the reluctance to part with the land by many villagers, even when such land was required for development that would be beneficial to their community such as for building of schools, hospitals and industries”.
He said many government projects would be delayed so much that the cost could multiply several folds by the time the land matter was finally resolve, and having seen all these faults, the federal government had to intervene through the land use decree, now an act.
Akomolede having analysed the issues that led to federal government’s intervention on land, said that in promulgating the law, that the federal government legislate itself out of land, and that the federal government has no land, except the federal capital territory.
Moreso, he posited that state government were vested with the power over land, and the centre have to apply to the state for land it wants, adding that this has been a source of conflicts between same state and the federal government.
One other problem of the act is that it also gives power to the governors over all land transaction, adding that this implies that the governor must give ascent on any housing, mortgage and land matter before such could be legitimate.
He said, this has been a major set back and delays in development, as many governors use this to accumulate wealth, and also delay the speedy acquisition of land.
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