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He said the ministry, in partnership with the World Bank Group, aims to unlock over $300bn in dead capital tied to untitled land, by launching a National Land Registration and Titling Programme.

This initiative was disclosed following a courtesy visit by the World Bank delegation, led by Vice President of Infrastructure, Guangzhou Chen, to the Minister of Housing and Urban Development, Ahmed Dangiwa, on Wednesday.

The programme is expected to increase the formalisation of land transactions.

“This is very important to our government as over 90 per cent of land in our country is unregistered and untitled. Experts estimate a dead capital of over $300bn,” said Dangiwa.

He further added that the ministry, in collaboration with the World Bank and state governments, plans to register and title all land parcels within five years and increase the rate of titled land from less than 10 per cent to over 50 per cent in the next decade.

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