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This Kenyan can't believe how well developed Nigeria is. He said it contrasted sharply with what he had heard on social media about Nigeria, saying more Africans need to come to Lagos and see why Nigeria is called the Giant of Africa. https://www.youtube.com/watch?v=SIFLaHH0RVg |
GOD BLESS IRAN. |
Land reform: The missing link in Nigeria’s Economic Prosperity The Editorial Board, Businessday NG Published: April 8, 2026 Few structural constraints have quietly undermined Nigeria’s economic potential as profoundly as the nation’s dysfunctional land administration system. In a nation of more than 220 million people with enormous housing, industrial and agricultural needs, access to land for residence and business remains unnecessarily complicated, expensive and exclusionary. More than four decades after the enactment of the Land Use Act, Nigeria still struggles with a land tenure system that frustrates investment, slows urban development and locks enormous wealth outside the formal economy. The implications are enormous. Land is the foundation of virtually every productive activity (housing, agriculture, manufacturing, mining, logistics and infrastructure). Yet Nigeria operates a land ownership and titling framework that makes it extremely difficult for individuals and businesses to secure legal titles or use land as collateral for financing. Instead of functioning as an economic enabler, land administration has become a barrier to prosperity. At the heart of the problem lies the Land Use Act of 1978, introduced during the military administration of Olusegun Obasanjo. The law vested control of all land in each state in the hands of the governor, who administers it in trust for the people. While the intention was to make land accessible and prevent speculation, the system has evolved into a bureaucratic confusion. Today, obtaining a certificate of occupancy, perfecting land titles or transferring property can take months, or even years, depending on the state. The cost of registration, consent fees, stamp duties and other charges can amount to as much as 15-30 percent of the property value in some states. For small businesses, developers and ordinary citizens seeking to build homes, these costs and delays make formal ownership unattainable. The result is a largely informal property market. Estimates by housing experts suggest that Nigeria has a housing deficit exceeding 20 million units. Yet only a small fraction of the nation’s housing stock is formally registered or financed through mortgages. Industry analysts say that less than 10 percent of property assets in Nigeria are formally titled, leaving the overwhelming majority outside the banking system. This means trillions of naira in real estate assets cannot be used as collateral to obtain loans for business expansion or investment. In economic terms, these properties become ‘dead capital’, valuable assets that cannot generate financial leverage because they are not formally documented. In developed economies, real estate constitutes a major pillar of financial markets. Property assets underpin mortgage lending, infrastructure financing and investment vehicles such as real estate investment trusts. When property rights are clear and transferable, land becomes a powerful instrument for wealth creation and economic growth. Nigeria’s inability to unlock this potential has far-reaching consequences. The real estate sector, which should be one of the largest contributors to employment and investment, remains underdeveloped relative to the nation’s population and urbanisation rate. Cities like Lagos, Abuja and Port Harcourt continue to experience severe housing shortages, rising rent costs and the proliferation of informal settlements. Attempts to reform the system have been sporadic and largely unsuccessful. During the administration of Umaru Musa Yar’Adua, the government initiated a land reform programme aimed at modernising land records and simplifying ownership processes. The initiative, however, stalled before meaningful implementation. Similarly, Goodluck Jonathan attempted to audit government land assets and improve transparency in land administration. But like earlier reforms, the effort failed to address the deeper structural issues embedded in the Land Use Act. The consequences extend far beyond housing. Agriculture, the sector expected to diversify Nigeria’s oil-dependent economy, also suffers from insecure land rights. Farmers often rely on informal arrangements that discourage long-term investment in irrigation, mechanisation or large-scale cultivation. Without secure land titles, agricultural producers struggle to obtain credit from financial institutions. Nigeria’s industrialisation ambitions face similar constraints. Sadly, Nigeria sits within a continent that possesses enormous unused agricultural and industrial land. According to the World Bank, Africa South of the Sahara holds nearly half of the world’s uncultivated but arable land. If properly managed through clear land governance systems, these resources could significantly reduce poverty, create jobs and stimulate economic growth. But without reform, Nigeria risks wasting this advantage. The way forward requires both legislative courage and administrative innovation. Nigeria must confront the limitations of the Land Use Act. Amending the law, now embedded in the constitution, would allow for decentralised, efficient and transparent land administration. States must accelerate land digitisation and cadastral mapping. Digital land registries would drastically reduce disputes, fraud and bureaucratic delays. Some states, particularly Lagos, have begun modernising their land records, but progress remains uneven nationwide. The cost of land registration must be significantly reduced, and the nation should develop a nationwide property database linked to financial institutions. Once land titles are verifiable and transferable, banks can confidently expand mortgage lending and property-backed financing. Above all, land governance must become transparent and accountable, as corruption, multiple allocations and land grabbing remain persistent problems in several parts of the nation. https://businessday.ng/editorial/article/land-reform-the-missing-link-in-nigerias-economic-prosperity/ |
richiemcgold:Yet people will tell you the economy is worse today than in those days when rice was too expensive for the masses. Even meat back then was 1 or 2 small pieces a plate. Nothing like all this "assorted meats" wey go full plate, unless you were among the super rich. |
mikeapollo:IRAN, CHINA, AND RUSSIA WILL NOT SIT IDLY BY AND WATCH THE CRIMINAL ISRAELIS MASS MURDER LEBANESE. Understood? Get that simple fact into your little BLOODTHIRSTY skull. You are dangerously playing with a Russian or Chinese or Pakistani NUKE against Israel to end your reign of terror in the region. |
smileyoo:SHUT UP. GO AND GET A JOB. WAR CRIMINAL. |
atiku4President:AND TRUMP WHO PROMISED TO "WIPE OUT A CIVILISATION", AND THAT "A WHOLE CIVILISATION WILL DIE TONIGHT". THOSE STATEMENTS ALONE ARE WAR CRIMES. WHERE WAS YOUR OUTRAGE OVER SUCH A REPULSIVE, DEMONIC, GENOCIDAL STATEMENT BY A PRESIDENT OF A SUPERPOWER? YOUR BIAS JUST STINKS. YOU'RE INHUMAN. SAME APPLIES TO ALL OF YOU PRETENDING TO CARE ABOUT IRANIAN CIVILIANS, BUT HAD NO PROBLEM WITH TRUMP THREATENING TO DROP A NUCLEAR BOMB ON THEM, WHICH YOU WOULD HAVE CHEERED. JUST SHUT UP AND ENJOY IRAN'S VICTORY, BECAUSE THEY OVERCAME YOUR COLLECTIVE HATE AND GENOCIDE ATTEMPTS ON THEM, THINKING THEY WERE ANOTHER GAZA, WITH PEOPLE FREE FOR YOU AND ISRAEL TO SLAUGHTER. |
Horus:WE WILL DESTROY THEM IF THEY SET FOOT IN THIS COUNTRY. I TRUST MY NIGERIAN TROOPS PLUS BOKO BOYS COMBINED, TO HANDLE ANY GADDEM AMERICANS. |
happney65:SORRY BUT YOU HAVE TO FACTOR IN THAT $2 MILLION. THE MONEY WILL NOT FALL FROM THE SKY TO PAY FOR IT. THE COST WILL BE PASSED ON TO CONSUMERS. YOU SUPPORTED THE ILLEGAL INVASION OF IRAN, SO DON'T COMPLAIN.. |
Trump has abandoned his sick threat to ''wipe out the whole Iranian civilisation'', after China & Pakistan warned him: ''You dare Nuke Iran, We NUKE Israel.'' https://www.bbc.co.uk/news/live/c5yw4g3z7qgt#player |
mynd1:DON'T MIND THESE BLOODTHIRSTY WARMONGERS ON NAIRALAND EAGERLY ANTICIPATING THE MASS SLAUGHTER OF INNOCENT IRANIANS. THEIR DREAMS OF IRAN'S OBLITERATION HAVE BEEN TRASHED. THANK GOODNESS SOMEBODY TALKED SOME SENSE INTO TRUMP'S THICK HEAD. ALSO TODAY, CHINA AND PAKISTAN ANNOUNCED THEY WOULD NUKE ISRAEL IF IRAN WAS DESTROYED, SO THAT OBVIOUSLY GOT TO TRUMP'S THICK HEAD TOO. |
Nicoddemus:SHUT UP. YOU ARE A LIAR WITH NO CONSCIENCE.. IRAN HAS NEGOTIATED TWICE WITH THE CRIMINAL TRUMP REGIME. TRUMP HAD PREVIOUSLY TORN UP THE ALREADY WORKING AGREEMENT THE BARACK OBAMA ADMINISTRATION SIGNED WITH IRAN, BECAUSE HE IS A RACIST CRIMINAL LUNATIC UNWILLING TO ASSOCIATE ANYTHING OF SUCCESS WITH OBAMA, WHOM HE RECENTLY PORTRAYED AS A 'MONKEY' AND 'APE' ALONGSIDE HIS WIFE, ON HIS SOCIAL MEDIA. NOW THEY HAVE HAD TWO NUCLEAR SUMMITS WITH IRAN, AND TWICE TRUMP RENEGED AND ASSASSINATED THEIR LEADERS IN THE MIDDLE OF NEGOTIATIONS AND STARTED BOMBING THEIR COUNTRY! SO HOW IS IRAN TO BLAME? HOW CAN'T YOU SEE THAT AMERICA IS THE TERRORIST, VANDAL NATION HERE? EVEN A 2 YEAR OLD CAN SEE IT. |
franchasng:YOU LIAR WITH NO CONSCIENCE. IRAN HAS ZERO TO DO WITH TERRORISM IN "AFRICA". THE TERRORISM IN NIGERIA WAS CAUSED BY THE ILLEGAL AMERICAN INVASION OF LIBYA WHICH FLOODED THE SAHEL WITH THOUSANDS OF WEAPONS, AND SUNNI ISLAM GROUPS BACKED BY US ALLIES LIKE QATAR AND UAE BECAME YOUR ISIS AND BOKO HARAM. IN FACT TURKEY INVITED IRAN TO DRIVE OUT ISIL FROM THEIR COUNTRY, AND THEY DID, IN LESS THAN 1 MONTH. |
Nicoddemus:And US INTEREST IS TO ILLEGALLY INVADE SOVEREIGN NATIONS TO COMMIT GENOCIDE AND STEAL THEIR RESOURCES. WHY SHOULD ANY COUNTRY SUPPORT SUCH AN EVIL, BARBARIC, LAWLESS NATION? |
thinkartvisuals:SHUT UP THERE. THE ENTIRE WORLD IS DISGUSTED AND REPULSED BY THE CRIMINAL, BARBARIC, ILLEGAL INVASION AND MASS MURDER OF INNOCENT IRANIANS. 5,000 CIVILIANS SLAUGHTERED SO FAR, AND THE DEMON IS PROMISING TO COMMIT GENOCIDE, NOT "FOR THE WORLD", BUT FOR SATAN, WHOM YOU WORSHIP ALONGSIDE HIM. |
ARISHEM:WHICH WORLD CUP? FORGET WORLD CUP. AMERICA WILL NOT COMMIT GENOCIDE IN IRAN AND THEN HOST THE "WORLD CUP". THEY WILL PLAY ONLY WITH THEMSELVES AND ISRAEL. |
koxyz:AMERICANS ARE THE MOST USELESS COWARDS ON EARTH, FROM THEIR ZOMBIE MILITARY DOWN TO THE PEOPLE. THEIR BRAVERY IS ONLY IN HOLLYWOOD MOVIES. THEY'VE SAT THERE FOR A DECADE AND LET THIS NASTY, BLOODTHIRSTY, RACIST CRIMINAL AND DEMONIC ENTITY DESTROY THEIR COUNTRY, TURN IT INTO A PARIAH, ROGUE NATION THAT IGNORES ALL INTERNATIONAL LAWS AND THREATENS THE PEACE OF THE WORLD. NASTY, FAILED STATE DISGRACE OF A COUNTRY. |
Ishilove:REALLY? THEY SHOULD MAKE LIFE GOOD FOR YOU WHILE THEY ARE SLAUGHTERED AND ENSLAVED BY AMERICA AND ISRAEL, ABI? DREAM ON. THE WORLD ECONOMIC CRISIS IS JUST STARTING, SO BE READY FOR VERY ROUGH TIMES, WHICH YOU WILL DESERVE BECAUSE OF YOUR WICKEDNESS. |
Helinuss:SHUT UP. WHAT RIGHT DOES TRUMP HAVE TO ATTACK THEIR FACILITIES? TO ATTACK THEIR COUNTRY UNPROVOKED AND IN VIOLATION OF INTERNATIONAL LAW? YOU VILE PERSON WITH NO MORALS. |
SixSeven:Oh Please, SPARE ME THIS BULL!! IF AMERICAN JOURNALISTS WERE DOING THEIR JOB, THERE'S NO WAY ON EARTH A REPROBATE, LAWLESS, RACIST, WARMONGERING CRIMINAL LIKE TRUMP COULD EVER BECOME AMERICAN PRESIDENT (SORRY, DICTATOR). THE MEDIA THERE ARE OWNED BY THE SAME CORPORATE BILLIONAIRES BACKING THESE ENDLESS ILLEGAL WARS IN THE MIDDLE EAST. THEIR SO-CALLED "JOURNALISTS" ARE ALL COMPLICIT. |
MR MAN, GO BACK TO YOUR COUNTRY AND GET YOUR MAD RULER TRUMP TO STOP THE DISASTROUS WAR IN THE MIDDLE EAST THAT'S SETTING OFF WORLD WAR 3 AND GLOBAL ECONOMIC CATASTROPHE!!! How can NIGERIA be your problem today? ARE YOU LIVING IN A CAVE TO NOT KNOW WHAT YOUR COUNTRY IS DOING? |
30 schools in one complex. THAT'S IMPRESSIVE. This is what we call VISIONARY LEADERSHIP. Peter Obi take note. 📝 Because I heard you didn't build even half school as governor of Anambra state. Only Breweries everywhere. Plus million pounds house in London. Be cautioned, you this man. ![]() |
Peng12345:SO YOU CARE MORE ABOUT PROTECTING THE EPSTEIN CLASS OF BILLIONAIRE WARMONGERS AND WAR PROFITEERS THAN YOUR OWN LIFE? HOW DISGRACEFUL. |
MrEar:BOKO HARAM IS THEIR CHILD TOO. A CHILD OF USA AND ITS GULF ALLIES LIKE SAUDI, UAE AND QATAR. ZERO TO DO WITH IRAN, WHO ONLY CARE ABOUT HEZBOLLAH AND HAMAS TO RESIST ISRAELI OCCUPATION OF PALESTINIAN LANDS. In fact if you REALLY want to end terrorism in Nigeria in ONE WEEK, call Iran to send their forces. GUESS WHO TURKEY CALLED TO HELP THEM DEFEAT ISIS, THE FATHER OF BOKO HARAM? IRAN. ONE DAY WE WILL WAKE UP. |
QuinQQ:YOU ARE VERY IGNORANT. DO YOU THINK THERE IS ONLY ONE TYPE OF OIL? MANY AMERICAN FIRMS USE IMPORTED OIL DIFFERENT FROM US OIL, EG BONNY LIGHT FROM NIGERIA, OR SOME OTHER VARIETIES FROM THE GULF, OF WHICH THERE ARE SEVERAL USED IN SPECIFIC INDUSTRIES, WHICH AMERICA NEEDS. SO TRUMP IS LYING WHEN HE SAYS AMERICA WON'T FEEL IT. THEY ARE FEELING IT ALREADY, WITH EVEN REGULAR GAS PRICES SKYROCKETING. THEY WILL STILL SELL THEIR PETROL AT MARKET RATES, BECAUSE THE COMPANIES DRILLING AND SELLING OIL GO BY INTERNATIONAL MARKET RATES, NOT SENTIMENTS. SO HIGH PRICES ARE COMING FOR EVERYTHING AND EVERYONE. |
jchioma:Use your brain. DESTROYING CRITICAL INFRASTRUCTURE IS A WAR CRIME. MILLIONS OF INNOCENT CIVILIANS SUFFER AND PERISH WHEN YOU BLOW UP THEIR POWER PLANTS, BRIDGES, AND WATERWORKS. What sort of human beings are you to support an UNPROVOKED BOMBARDMENT OF A SOVEREIGN NATION IN VIOLATION OF ALL INTERNATIONAL LAW? |
fineboynl:SO, IRAN SHOULD JUST SIT THERE AND LET AMERICA AND ISRAEL BOMB THEM INTO SUBMISSION WITHOUT USING THE STRAIT OF HORMUZ IN THEIR OWN BACKYARD AS LEVERAGE. ARE YOU MAD? JUST BE READY FOR THE GLOBAL DEPRESSION YOU HAVE INVITED FOR YOUR WICKEDNESS, OKAY? AND DON'T YOU DARE BLAME TINUBU WHEN PRICES JUMP TO THE ''HIGHEST YOU'VE EVER SEEN'', COURTESY OF THE LUNATICS YOU WORSHIP IN AMERICA AND ISRAEL. |
Dynamicboss:IF YOU HAD A BRAIN THAT WAS WORKING, YOU WOULD KNOW THAT SUPPORTING AN ILLEGAL INVASION AND BOMBARDMENT OF IRAN, A COUNTRY THAT CONTROLS A VITAL TRADE ROUTE, WOULD SEND THE WORLD ECONOMY INTO DEPRESSION, INCLUDING FOR YOUR OWN WICKED SELF WHO LOVES TO SEE MILLIONS OF INNOCENT CHILDREN GETTING SLAUGHTERED BY BOMBS, AND CALLING THEM ''TERRORISTS'', BECAUSE YOU HAVE NO SOUL IN YOU. MAY ALL OF WHO SUPPORT THIS MASS MURDER OF INNOCENT CIVILIANS IN IRAN AND GAZA, SUFFER THE ECONOMIC CONSEQUENCES OF IT, THAT ARE SURELY COMING. AMEN HUNDRED TIMES. IF YOU THINK YOU CAN SUPPORT EVIL ATROCITIES AGAINST OTHERS, AND GOD WILL BLESS YOUR OWN LIFE, YOU DON'T KNOW WHO GOD IS, OR WHAT KARMA IS. |
And you know the worst part, now that you've read the above verses? You're messed up now, because ignorance of those verses cannot be your excuse when you are called to stand before the Alpha and Omega, to explain your actions in this lifetime. I messed you up, big time. ![]() |
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