As written.

I don't know about this topic but what I do know is that you'll never regret this action if done properly and acquired and given all documents necessary. My uncle ensured he bought at least a plot of land for all his kids (they're in numbrr), his kids are all grown up and have started building their houses.
Depending on your location, I'd also advise you buy land for them (if your initial plan's to acquire already constructed houses), go to places you know will be developed in 5-20 years and buy as many as possible (there are land in rural areas that cost about 200-500/acre and land in suburbs that are also very cheap ). Keep buying for them and you'll be glad you did, ensure you get a good lawyer and like I always do, ensure you record the whole conversation that ensues between you and the dealer, mention their names, get them to talk about everything, let your lawyer be present if possible stylishly video them self because people can be funny o (it's like someone who borrowed 50k from me, forgot and would have denied it if I hadn't shown him the debit alert in my mail). This is an awesome decision you've made bro. All the best.

By Section 7 of the Land Use Act, the child below 21 years cannot own a land in Nigeria. However, same law provides that you buy the land in the name of such child as a "trustee". This implies that, you can be in charge of the property on his behalf until he reaches majority and proper documentation will be done.

Treash:
By Section 7 of the Land Use Act, the child below 21 years cannot own a land in Nigeria. However, same law provides that you buy the land in the name of such child as a "trustee". This implies that, you can be in charge of the property on his behalf until he reaches majority and proper documentation will be done.

Thank you.

seankim:

Thank you very much. One important thing that you mentioned was that I can consider less developed areas because the land will be there for years. I will do just that.

Sorry I'm just replying.
I'm glad you'll heed to this advice.
You'd be surprised that there are many places in the west where you can buy land (safe )at ridiculous prices. I could recommend some for you. Where are you located? Irrespective of your location, do spread you tentacles.