Nigeria has three distinct land markets; 1) A market for direct state allocation, 2) A market for Pre-1978 land rights, which have not been converted , and 3) An informal market where no statuary of occupancy exists, resulting in the majority of transactions begin informal or private.it is estimated that one percent of land transactions occur on the formal market and 25 percent involve a certificate of occupancy but the transactions are done without required consent, payment of taxes or registration. When asked how the respondents intends to authenticate their land titles, majority(60%) indicated that they will endeavor to buy land without dispute from genuine individuals implying no intention of getting the titles. For more of this information get your copy.
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