Land Use: Yar’adua To Propose Amendment

There were indications yesterday that the Presi-dent-elect, Alhaji Umaru Musa Yar'Adua may inaugurate the next session of the National Assembly with an executive bill, which seeks to amend and reform the Land Use Act.
THISDAY gathered that already a special committee has been set up by the President-elect to amend the existing Land Use Act.
According to a source, the Land Use Act Reform Bill would be the first executive bill from Yar’Adua, in the same way that President Olusegun Obasanjo sent in his first bill on the Niger Delta, which gave rise to the Niger Delta Development Commission (NDDC).
The source explained further that the land Use Act Reform Bill would alter drastically the existing act to ensure that the peasant apart from using the land as collateral, also have claims to their land.
“The President-elect is planning to ensure that the peasants have access to land and that they could use their lands as collateral to collect money in the banks,” the source said.

What do u think?
I think it is the best bill i've heard of in recent times!!!

this will also open up the real estate sector, as land titles can now belong to individuals without the fear of government encroachment, as with Maroko. The only thing that should be considered though is that land titles have not yet been regularised!!!
But it's a gleamer of hope.