The Federal Government has unveiled plans to unlock over $150 billion in dormant land capital through the National Land Registration, Documentation and Titling Programme (NLRDTP), aimed at reforming Nigeria’s land administration system and driving economic growth.
Minister of Housing and Urban Development, Ahmed Dangiwa, announced the rollout yesterday at a stakeholders’ workshop themed “Moving from Inception to Implementation” in Lagos. The event, organised in collaboration with the Lagos State Government, was held at Eko Hotel, Victoria Island.
According to a statement by the ministry’s Director of Press and Public Relations, Badamasi Haiba, Dangiwa noted that less than 5% of land in Nigeria is formally titled, leaving millions without secure proof of ownership. This gap, he said, denies states billions of naira in potential Internally Generated Revenue (IGR) and locks an estimated $300 billion in “dead capital” at the national level.
The minister stressed that proper land documentation will not only boost IGR for states but also improve access to credit, enhance investor confidence, and provide legal protection for property owners.
