FG Targets $150bn From Dormant Land Assets to Drive Economic Growth
The Federal Government plans to unlock more than $150 billion in dormant land capital across Nigeria as part of efforts to stimulate economic growth.
Minister of Housing and Urban Development, Ahmed Dangiwa, disclosed this in Abuja on Thursday through a statement signed by the ministry’s Director of Press and Public Relations, Badamasi Haiba.
Speaking at the Stakeholders’ Workshop on The Nigeria Land Registration, Documentation and Titling Programme (NLRDTP) in Lagos, themed “Moving from Inception to Implementation”, Dangiwa said the initiative would be implemented under the National Land Registration, Documentation and Titling Programme.
He noted that less than five per cent of land in Nigeria is formally titled, leaving millions of citizens without secure proof of ownership. This, he explained, denies state governments billions in potential Internally Generated Revenue (IGR) and leaves the Federal Government with an estimated $300 billion in “dead capital.”
According to the minister, the “Land4Growth” Programme is a central pillar of President Bola Tinubu’s Renewed Hope Agenda, aimed at transforming land from an idle asset into a driver of prosperity for individuals, states, and the nation.
The plan will replace the country’s fragmented, opaque, and paper-based land administration system with a digitised, transparent, and efficient national framework.
