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The collaboration, which emerged from a meeting between the minister and a World Bank delegation led by Vice President (Infrastructure) Guangzhe Chen, aims to increase the formal registration and documentation of land within five years.

Dangiwa said, “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 $300 billion.

“Through this initiative that we plan to implement with the World Bank, we aim to, among other objectives, register, document, and title all land parcels within five years; develop and launch a National Digital Land Information System and define a framework that makes it accessible to all stakeholders; increase the formalisation of land transactions from less than 10 per cent to over 50 per cent in the next 10 years; and train and deploy technically competent land registration officers nationwide.”

The minister emphasised that formal land registration would open up significant revenue streams for state governments through increased ground rent, Certificates of Occupancy, and taxes derived from greater real estate investment.

The funds, he said, could be channelled into urban services to mitigate climate change impacts across Nigeria’s cities.

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