The Federal Ministry of Housing and Urban Development is taking a bold step to address the issue of unregistered and untitled land in Nigeria, which currently makes up 90 per cent of the nation’s landmass. In collaboration with the World Bank Group, they are launching a National Land Registration and Titling Programme with the aim of unlocking over $300 billion in dead capital tied to untitled land.
This initiative was revealed during a visit by a World Bank delegation to the Minister of Housing and Urban Development, Ahmed Dangiwa. The programme seeks to increase the formalization of land transactions and aims to title all land parcels within five years, increasing the rate of titled land from less than 10 per cent to over 50 per cent in the next decade.
A key component of the programme is the development of a National Digital Land Information System, which will boost state revenue through ground rent, Certificates of Occupancy, and taxes. This system will also have urban resilience benefits, helping cities like Maiduguri cope with climate change effects.
The World Bank delegation expressed their support for the initiative, emphasizing the importance of sustainable financing mechanisms and urban resilience in Nigeria. They pledged to assist in improving land titling, affordable housing, and urban planning.
This collaborative effort is crucial in driving the nation’s housing and urban development agenda and ensuring sustainable growth in Nigeria.
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