Improving land governance in Nigeria through efficient valuation mechanism and practices
AYODELE E. ONIEMOLA, PETER O. ADENIYI, OLUROTIMI O. ONABANJO
Valuation of landed property is a key component of the system of land administration in a typical market-drive economy. Advancement in land governance in climes with long stretches of dismal results necessitates that valuation mechanism undergo scrutiny and improvements to ensure its continued relevance in interpreting values, especially for taxation, other statutory, and administrative purposes. For years, government in Nigeria had randomly sought for solutions to its land governance challenges. In 2009, it established a Land Reform Committee to recommend measures that would enhance the system. Expected key deliveries included the development of valuation mechanisms that would identify and cure major weaknesses in the processes and practices and enhance revenue generation, among other gains. The Committee opted for evidence-based approach to achieving this objective and commissioned a study. This paper will share some of the findings and demonstrate how they shape the system and effectiveness of land governance in Nigeria.
Event: Land Governance in an Interconnected World_Annual World Bank Conference on Land and Poverty_2018
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