Login Register
feel free to call 09056000005

National land registration key to unlocking Nigeria’s $300bn dead capital—Dangiwa


Ahmed Dangiwa, minister of Housing and Urban Development, has said that unlocking Nigeria’s $300bn dead capital depends largely on a national land registration and titling programme. The programme, announced in collaboration with the World Bank, seeks to address the country’s low land registration level—currently under 10 percent—and enhance land formalization.
 
Dangiwa stressed that improving land registration is essential for leveraging land as a significant economic asset, which is currently under-utilized. The minister, according to a statement in Abuja, had unveiled plans to collaborate with the World Bank Group on a National Land Documentation and Titling Programme aimed at significantly improving land registration across Nigeria.
 
The initiative was highlighted at the Nigerian Liveable Cities Workshop, organized by the Ministry in partnership with the World Bank in Abuja. He emphasized the urgent need to fully harness land as an economic asset. Currently, less than 10 percent of land in Nigeria is registered, limiting its potential value. 
 
“The National Land Registration and Titling Programme seeks to elevate land formalization from under 10 percent to 50 percent within the next decade. “This move is projected to unlock up to $300 billion in dormant capital. The draft framework for this programme has already been developed, and the Ministry has instructed its consultants to collaborate with the World Bank for its adoption and implementation,” the minister said. 
 
He explained that the programme is a key component of the Ministry’s broader land reform strategy, which also includes plans to establish a National Land Commission to enforce the Land Use Act.
Additionally, he said that the Nigeria Urban Livability and Mobility Programmatic Analytics and Advisory Services (ULM PASA), launched by the World Bank, will provide technical support to enhance urban livability, competitiveness, and resilience in selected Nigerian cities.

The workshop provided a platform for sharing knowledge and forging partnerships aimed at sustainable urban development. Dangiwa also highlighted ongoing government efforts, including the Renewed Hope Cities and Estates programme, which aims to deliver 50,000 housing units in its first phase.
 
He also underscored the challenges facing Nigerian cities, such as rapid urbanization, infrastructure deficits, and climate change, and stressed the need for innovative solutions.
 
Fuad Malkawi, leader of the World Bank Task Team presented preliminary findings indicating that many Nigerian cities face disaster risks due to inadequate infrastructure and basic services.
 
The workshop recommended addressing issues such as inaccurate data, urban planning pressures, and the need for climate-smart infrastructure. The proposals also included developing a drainage master plan, creating city administrations with robust legal frameworks, and integrating disaster resilience into state development plans.

Source: BusinessDay

Similar Topics

The National Board for Technical Education has inaugurated the Sector Skill Council for...

4 days ago Read More

The Environmental Defense Fund has partnered with Africa Practice to combat climate change in...

5 days ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has reiterated the crucial role of...

6 days ago Read More

The Real Estate Developers Association of Nigeria has announced initiatives aimed at enhancing...

11 days ago Read More

The Global Environment Facility has approved $3.28m to tackle land degradation in Kebbi State under...

14 days ago Read More

The commercial real estate market is currently grappling with several major challenges, including...

20 days ago Read More

Real estate development is a key driver of economic growth in any region, and Africa is no...

20 days ago Read More

The Federal Government has signed a Memorandum of Understanding with Shelter Afrique...

25 days ago Read More

The Federal Government has issued a 90-day deadline for subscribers of the National Housing...

26 days ago Read More

The Minister of Housing and Urban Development, Ahmed Dangiwa, has disclosed that plans are underway...

27 days ago Read More

A real estate firm, Gestpoint Nigeria Limited, has implored the Federal Government to simplify the...

27 days ago Read More

Ahmed Dangiwa, minister of Housing and Urban Development, has said that unlocking Nigeria’s...

a month ago Read More

Experts in the built environment have emphasized that effective urban planning and infrastructure...

a month ago Read More

The Council for the Regulation of Engineering in Nigeria (COREN) has highlighted a legislative...

a month ago Read More

The state of the country’s economy has affected the real estate sector adversely in 2024, a...

a month ago Read More

The Council for the Regulation of Engineering in Nigeria has inaugurated a National Technical...

a month ago Read More

“This demand is particularly strong in affordable areas that offer amenities and proximity to...

a month ago Read More

The Executive Director of Projects Implementation at the Federal Housing Authority, Oluremi...

a month ago Read More

To address ongoing challenges in the housing sector, Uzo Oshogwe, the Managing Director and Chief...

a month ago Read More

  The House of Representatives has approved a significant budget increase for the Ministry of...

a month ago Read More