Housing/Property

Don Urges Overhaul Of Land Registration System

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A University don,
Professor Timothy Nubi has called for the overhaul of the land registration system in Nigeria so as to enhance wealth creation and generation.
Nubi, who made the call while speaking to Journalist in Lagos said that efficient land registration system would enhance wealth generation, provide more housing accommodation and create investment opportunities.
He said “A good land registration system will create land markets and enhance access to credit facilities, thus eradicating poverty”.
According to him, computerization was essential to have an efficient land registration system, and it will open up the property market for more local and foreign investors alike.
Nubi, who is a senior lecturer in the Department of Estate Management at the University of Lagos also posited that such change in land registration would create more opportunities for investment.
“The system should incorporate process of procuring land titles and proper documentation,” he said.
According to him, many operators and companies had left the property industry due to the difficulties encountered in the country’s land registration system.
He said “Duplication of work, lack of consensus decision making process with professionals, lack of public awareness and transparency have all combined with  the weak laws to create a basis for corruption. These factors are enough reasons to call for complete overhaul of land administration system in Nigeria.”
The don suggested that government should educate the general public on land policy, individual responsibility and right of ownership.
It would be recalled that the existing land use law (The Land Use Act of 1978) empowers only the governor of a state the sole right to give assent to land titles.

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