What do you believe is the single most important factor driving up the cost of living in Nigeria?

It stated, “Nigeria has a land size of 923,000 sq km. Less than 10 per cent is titled. Mozambique and Zambia: 3 per cent of land is titled. In Namibia, 44 per cent of land is titled; in South Africa, 72 per cent of land is titled.

“Nigeria needs a collaborative approach involving government, communities and stakeholders at all levels to implement reforms that will unlock deal capital. A hypothetical 25 per cent increase in titled land will potentially increase GDP astronomically by enhancing agricultural productivity, attracting investments and fostering economic development.

“Real estate development and investment, construction, and infrastructural projects will increase and, in effect, boost economic activity.”

The report noted that the nation had trillions of naira lying dormant in idle assets nationwide, representing a drain in terms of underperformance on the nation’s economic potential.

It stated, “Based on a 2022 report by the Nigeria Institute of Quantity Surveyors, Nigeria has over 56,000 abandoned projects spread between the states and Federal Government nationwide.

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