Business
‘Less Than 3% Land Ownwers In Nigeria Have C of O’
The Surveyor-General of the Federation, Prof. Peter Nwilo, has said that less than three per cent of Nigerians who owned land had Certificate of Occupancy (C of O).
Nwilo, who made this known in Abuja, Monday, attributed the development to poor implementation of the Land Use Act.
He explained that the Act should be properly implemented by state governments to ensure lawful allocation of land, noting that since 1978 when the Act took effect no state had implemented it.
“Not up to three per cent of Nigerians have Certificate of Ownership and it is only when you have a C of O that you know you own a land.
“The Land Use Decree says that the governor of the state holds the land in trust; so, every C of O should be signed by the governor or his representative.
“It is easy to say a law does not work but there is provision for every state to have its committee that deals with allocation of lands; no law is perfect but that law can continue to be improved.
“The Federal Government has set up a committee on land reform.
“What the committee is doing is to bring to the fore the shortcomings of our actions that have caused the Land Use Decree not to work the way it should work,” he said.
He explained that unnecessary processes involved in the acquisition of a C of O hampered development in the country.
He said there was a need for enhanced collaboration among bodies responsible for the implementation of laws governing the allocation of land.
“When you want a C of O, there are so many obstacles, it can take up to three years to get it; it is not supposed to be so.
“What is important is that you show evidence that the land belongs to you and that you have a survey plan that is properly done.
“This affects us in terms of development; the C of O is the basis of everything we do such as establishing industries.
“Where we register land it takes donkeys years and no developer or industrialist will be ready to wait for so long,” Nwilo explained.
He said the committee on land reform was working to ensure that state governments adhered strictly to the provisions of the Land Use Act in enhancing land registration.
Nwilo also said there was a need for professional surveys to be conducted when allocating and acquiring lands.
He said that conducting professional surveys was necessary to accurately map out where land structures should be and to guard against erection of structures inappropriately.
“What survey does is to show exactly where the land is; and a cadastral survey is a survey done to give a person the right to ownership of a piece of land.
“The cadastral map is one thing that is not available in this country; ask state governments how many of the states are mapping, yet we have survey departments doing nothing.
“We have slums because development came without mapping; if there is proper mapping you will know where to place the infrastructure,” he said.
The surveyor-general also emphasised on the need for all stakeholders to implement best practices to promote development.
He said: “If you do not map an area, you cannot manage it.
“With adequate survey and planning or with topographic survey, you will in advance have adequate information to know where to place every structure.”
Business
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Business
BVN Enrolments Rise 6% To 67.8m In 2025 — NIBSS
The Nigeria Inter-Bank Settlement System (NIBSS) has said that Bank Verification Number (BVN) enrolments rose by 6.8 per cent year-on-year to 67.8 million as at December 2025, up from 63.5 million recorded in the corresponding period of 2024.
In a statement published on its website, NIBSS attributed the growth to stronger policy enforcement by the Central Bank of Nigeria (CBN) and the expansion of diaspora enrolment initiatives.
NIBSS noted that the expansion reinforces the BVN system’s central role in Nigeria’s financial inclusion drive and digital identity framework.
Another major driver, the statement said, was the rollout of the Non-Resident Bank Verification Number (NRBVN) initiative, which allows Nigerians in the diaspora to obtain a BVN remotely without physical presence in the country.
A five-year analysis by NIBSS showed consistent growth in BVN enrolments, rising from 51.9 million in 2021 to 56.0 million in 2022, 60.1 million in 2023, 63.5 million in 2024 and 67.8 million by December 2025. The steady increase reflects stronger compliance with biometric identity requirements and improved coverage of the national banking identity system.
However, NIBSS noted that BVN enrolments still lag the total number of active bank accounts, which exceeded 320 million as of March 2025.
The gap, it explained, is largely due to multiple bank accounts linked to single BVNs, as well as customers yet to complete enrolment, despite the progress recorded.
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