Role of Government in Real Estate Investment in Nigeria

The role of government is very heavy in Nigeria.

When motorcycle ride hailing technology entered into the market it took just a simple announcement to squash investments and livelihoods.

Companies had raised millions of investor dollars, and it was over in one day. They had to pivot to logistics.

Now to even emphasize the role of government in this industry, per the Land Use Act, it empowers the governor to have unfettered access to all land in the state.

So the governor has to approve every single land transaction for it to become legally binding.

If you do not understand this or the role the government plays in rectification, ratification, giving titles, and approving transactions, you’ll get into trouble.

It is no wonder the likes of Wale of Landwey, Sujibomi Ogundele of Sujimoto, Cosgrove’s Ceo are always pictured with the governor and top government officials.

Befriending government, government agencies, officials and following due process in the land bureau is a required strategy here depending on how high you want to fly.

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