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The federal government on Tuesday said it is working hard to title over 2000 lands and empower the holders to raise investable funds, create value and jobs.
Mustapha Baba Shehuri, minister of state for Power, Works and Housing gave the information at the 25th conference of the directors/ heads of lands in the federal and state ministries, department and agencies held in Abuja.
According to him, the federal government is on its move to title over 2000 lands thus empowering the holders to raise investible funds to establish new and grow existing businesses, thereby creating value and jobs adding that 1500 secondary transactions on federal government lands has been processed.
He said, “We are working hard to title over 2000 lands thus empowering the holders to raise investable funds to establish new and grow existing businesses thereby creating value and jobs, as the ministry has successfully processed over 1500 secondary transactions o federal government lands nationwide which are already impacting on the economy positively”.
Mustapha, speaking on the important role land plays in the economic development of a nation, said that good governance, efficient land administration and effective deployment of appropriate management strategies is imperative as the present state of the Nigeria infrastructure and economic development is below the acceptable.
He stressed further that the Buhari administration recognizes the fact that Nigeria requires a lots of land parcels for agriculture, industrialization, housing, roads and other infrastructural development purposes and has captured them as part of the objectives of the Economic Recovery and Growth Plan (ERGP) 2017-2020 aimed at achieving sustainable inclusive growth tied to improved productivity and diversification.
“A nation like ours with a fast growing population would require lots of lands parcels for agriculture, industrialization, housing, roads and other major infrastructural development purposes of the people”.
“The present Administration of President Muhammadu Buhari recognizes these facts and appropriately captured them as part of the vision and objectives of the Economic Recovery and Growth Plan (ERGP) 2017-2020, whose aim is the achievement of sustainable inclusive growth underpinned by improved productivity and diversification of production”.
Onabanjo O.O, Chairman of the 25th Conference of the directors / heads of lands in the federal and state ministries, department and agencies said that it is necessary to consider a more secure, stable and reliable land based revenue source with instability and dwindling revenue from the volatile crude oil sources coupled with the vagaries of politics and international crude market.
