Share this:

Like this:

Like Loading...
" />
Published On: Wed, Apr 18th, 2018

FG plans to establish National Lands Depository

Share This
Tags

By Mashe Umaru Gwamna

The Federal Government said it is planning to establish National Lands Depository, with a huge Information Communication Technology (ICT)-backed infrastructure for the integration of various registries in Nigeria.
The disclosure was made by Minister of Power Works and Housing, Babatunde Fashola who was represented by Minister of state I for Power, Works and Housing, Mustapha Shehu at the 25th annual conference for Directors /Heads of Lands in Federal and State Ministers, Departments and Agencies held in Abuja yesterday, saying this would enable prospective investors make quick decision regarding property investment in the country.
Fashola while declaring the conference opened said the theme of the conference “Effective Land Governance for National Economic Growth and Development “is very apt and timely, given our peculiar experience as a nation operating in a fast changing world.
“I have taken note of the fact that good land governance is an imperative we must embrace for a better and more prosperous future that is devoid of ranchor and conflict over land. There is no doubt that good governance would ensure effective deployment of scare and fixed land resources amongst various competing uses, in a manner that facilities optimal use of available land in a environmentally friendly and suitability fashion “
“The important role land plays as a productive factor in the development of a nation. Good land governance and accruable benefits of improving land-based revenue generation, efficient land administration and effective deployment of appropriate management strategies becomes imperative .Since all productive activities of a man takes place on the land whose location and size is fixed ,a nation like ours with a fast growing population ,would require lots of land parcel for agriculture ,industrialization ,housing, roads and other infrastructure development purpose of the people ,”He said.
The Minister pointed out that the ministry has successfully processed 1500 secondary transaction of FG lands nationwide which are already positively impacting on the economy. ”we are also working hard to title over 2000 lands thus empowering the holders to raise investible funds to establish new and grow existing businesses ,thereby creating value jobs”.
He added “as you known property registration is one of the 13 cireteria set by the World Bank for determining the competitiveness to investors. To improve of the country’s Ease of Doing Business (EODB) ranking which measures our competitiveness of investor ,we must work together to make the required sacrifices, innovations and strategic choices that would ensure requisite measures and infrastructure are created ,to modernise our land registries and improve on the timing ,cost and efficiency ,transparency and openness of land titling and registration.
He also maintained that”on our part, we are working hard to strength the Federal Land Registry for online transaction in line with global practices.
‘’the result of some of these reforms of the FG in this and other respects are responsible for modest improvement in the country’s EODB which has now gone up 24 place from the position 2015’’.
Consequently, the Minister reiterated that, the National Housing Programme (NPH) which was the initiative d by the present administration has been able to make Nigerians to own a home and rent decent and affordable home, across the country.
“The programme is meant to demonstrate the feasibility and practicability of developing houses with high local content for the states and private sector to emulate .it is being implemented in collaboration with the state within the context of the social inclusion, job creation and youth empowerment as well as improved human capital development objectives of the Economy Recovery and Growth Plan (ERGP).”
“The states also provided compensation free developable lands with off-site infrastructure, the FG is constructing the houses using contractors and artisans in the various states; thus boosting the economy of the state. The beneficiaries are expected to be residents of the various states and this would boost efficiency, productivity and GDP of the state .The NPH would be adding 2,736 serviced units to the National Housing Stock thus gradually the huge deficit currently estimated at 16-18 million units”.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

%d bloggers like this: