Surveyor Urges Interest Stimulations In Land Title

As a means to en
courage fast development of housing, especially in Port Harcourt and its environs, an estate surveyor and valuer, Clement Azunda, has urged the state government to stimulate people’s interest in land title registration and conversion of customary titles to statutory right of occupancy at minimal cost.
The estate Valuer also suggested that government should take extra steps to educate the general  public on land policy, individual responsibility and right of ownership.
Azunda, who made this known to The Tide in Port Harcourt, Saturday, said that the current system in practice and its attendant shortcomings are enough reasons to call for complete overhaul of land administration system in the country in its entirety.
According to him, many investors and companies had left the property industry as a result of the difficulties being encountered in the country’s land registration system.
He said that a good land registration system will create land markets and enhance access to credit facilities and thereby eradicate poverty.
The valuer also called for adequate funding and effective monitoring of mortgage financing Institutions to ensure that their services are accessible to more Nigerians.
He posited that mortgage financing remains a major issue in generating funds for housing development, adding that a well development mortgage system in Nigeria will go a long way in assisting the people in owing their owning homes.

Collins Barasimeye