UNLOCKING NIGERIA’S LAND POTENTIAL

The Nigerian government aims to unlock the country's dormant land capital worth 150 billion naira to boost economic growth and improve living standards. Currently, less than five percent of land is formally titled, limiting economic activity and access to credit.

The government plans to deploy standardized Land Information Systems and Geographic Information Systems to strengthen state land agencies and increase formal land title registrations by at least 50 percent within a decade. The country's informal economy, accounting for 65 percent of the GDP, faces challenges due to communal land ownership and a lack of proper land registration.

Abandoned government buildings across Nigeria, estimated to be worth trillions, are deteriorating due to lack of occupancy and maintenance. Efforts are underway to digitize and streamline the land administration system to unlock economic potential and boost overall economic activity.