To fix the gaps in Nigeria’s housing and urban landscape, the federal government, yesterday, said that the implementation of a national land registration and titling programme would unlock over $300 billion dead capital tied up in undocumented land.
The Minister of Housing and Urban Development, Ahmed Dangiwa, said this at a meeting with the technical mission from the World Bank on Land Titling, Registration and Cadastral in Abuja.
He said the initiative would enable the registration, documentation, and titling of all land parcels, development and launch of a National Digital Land Information System (NDLIS); increase the formalisation of land transactions from less than 10 per cent to over 50 per cent within the next 10 years, as well as train and deploy technically competent land registration officers nationwide.
Other priority areas for collaboration with the World Bank are the implementation of the national urban development policy which contains vital initiatives for improving the management of urban areas; and the area of development of a framework to address systemic barriers along the housing value chain.
