Category: Property

  • How middlemen frustrate perfection of land title in Lagos, by Bakare

    How middlemen frustrate perfection of land title in Lagos, by Bakare

    Land remains one of the most valuable assets in the world today, contributing to economic growth at an unprecedented rate across global landscapes.

    Cities around the world like Monaco, where land costs an average of $100,000 – $120,000 for a square metre, Hong Kong, London, New York, Tokyo, and Paris, to mention a few, have witnessed a dramatic growth as a result of land investments.

    The Lagos State’s experience of land’s capability to improve local economy is not different from the experiences of the wealthy cities (by land value) mentioned above.

    As Nigeria’s commercial nerve centre, Lagos State is grappling with unchecked population growth, rapid urbanisation, which among other things birthed the need for increasing security of land ownership.

    The state has witnessed, in time past, violent land grabbing cases, fraudulent misrepresentation in title perfection, cloning of titles, and documents theft, which has cast doubts in the minds of the general public about the state’s capability in running a smooth, efficient, and reliable land administration.

    Title perfection, which is the process of converting an imperfect landholding into a legally recognised, registrable, and defensible title, is crucial for individuals, families, developers, and corporate organisations.

    It fosters land-based investments, and ensures, among other things, security of tenure, reduces disputes, and enhances the value of real estate assets by making them acceptable for mortgage, investment, and development.

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    In Lagos State, however, the path to title perfection has become a long, costly, and sometimes frustrating journey. Although very rare, title perfection trip, which should last a maximum of one calendar year could take forever.

    At the heart of title perfection process in Lagos State and across Nigeria lies a controversial group: the middlemen. These middlemen include lawyers, estate agents (both educated and semi-literate), and estate surveyors and valuers.

    Their involvement has become both indispensable and problematic, shaping how land title perfection is perceived and practised.

    While some middlemen provide legitimate guidance, others thrive on exploiting loopholes, inefficiencies, and applicants’ ignorance.

    This paper interrogates the problems posed by middlemen in Lagos’ title perfection process, the impact on applicants and the government, and the possible reforms that can sanitise the system for the benefit of all stakeholders.

    At first glance, the role of middlemen appears justifiable. Land title perfection involves multitude of stages, and cumbersome process, and would be requiring different application documents, payments of statutory fees (such as consent assessment, stamp duties, and registration fee), surveys, charting, and issuance of Certificate of Occupancy or Governor’s Consent. These procedures are highly technical, bureaucratic, and time-consuming.

    Given the complexity, many applicants, whether individuals, families, or corporate bodies—turn to middlemen for assistance. Lawyers are often engaged for drafting, legal interpretations, and processing. Estate surveyors and valuers guide on property-related documentation and valuation requirements. Agents and informal facilitators offer “connections” within the Lands Bureau. In practice, the middleman has become the bridge between the landowner and the Lands Bureau.

    Yet, instead of easing the process, this arrangement has bred distortions, bottlenecks, and corruption.

    What nature of problems do the middlemen cause in title perfection process in Lagos State? A few ones are:

    Exorbitant costs

    One of the major criticisms of middlemen is the sharp escalation in the cost of title perfection. Statutory fees in Lagos are already high compared to other states in Nigeria. When applicants engage middlemen, additional charges are imposed—sometimes arbitrary, sometimes exploitative. What should ordinarily cost millions of naira in statutory charges ends up being inflated to double or triple the official amount. For ordinary landowners, this makes perfection nearly impossible.

    Lack of transparency

    Middlemen thrive on applicants’ ignorance of procedures. Many title seekers are not informed about the official steps, documentation, and fees involved. This knowledge gap is exploited by middlemen who withhold information, manipulate timelines, and justify arbitrary costs. There are cases when middlemen will put their personal details at places on application forms where applicant’s details are needed. This sharp practice and more, leave applicants at the mercy of middlemen, without direct knowledge of what transpires within the Lands Bureau.

    Corruption and informal payments

    The activities of middlemen have entrenched corruption in the system. Instead of following due process, some middlemen resort to informal payments, bribery, and “man-know-man” tactics to fast-track applications. This undermines institutional integrity, frustrates honest applicants, and encourages a vicious cycle where only those who can afford “extra” payments get results.

    Delay and bureaucratic frustrations

    Ironically, middlemen do not always speed up the process. In many cases, files are delayed or even lost because middlemen operate through informal channels rather than official routes. Applicants who refuse to pay additional charges often suffer endless delays. The inefficiency feeds a perception that title perfection in Lagos is designed to frustrate ordinary citizens.

    Encroachment of unqualified actors

    While lawyers and estate surveyors are trained professionals, the system is also flooded with unqualified agents and touts who pose as facilitators. Many of these semi-literate middlemen mislead applicants, file incomplete documentation, and collect fees without delivering results. Their activities deepen the crisis of trust in the land administration system.

    The middlemen crisis has dual consequences. For the government, it translates into loss of revenue, since informal payments often bypass official channels. It also undermines Lagos State’s vision of becoming a global smart city with efficient land administration.

    For applicants, the consequences are financial and emotional. Exorbitant costs discourage many landowners from perfecting their titles, leading to a large number of unregistered properties in Lagos.

    This perpetuates land disputes, weakens collateral value for mortgage financing, and reduces confidence in real estate investments. The emotional toll of repeated delays, endless demands for money, and uncertain outcomes cannot be ignored.

    Solutions to the middlemen crisis

    The challenges posed by middlemen are not insurmountable. With deliberate reforms, Lagos State can reduce reliance on middlemen, improve efficiency, and restore confidence in the land title perfection process.

    Digitalisation of processes

    The government must deepen the ongoing digital reforms in the Lands Bureau. A fully automated, transparent, and user-friendly platform where applicants can submit documents, track progress, and make payments directly will drastically reduce human interference. Online dashboards showing real-time application status can eliminate reliance on middlemen.

    Public awareness campaigns

    Applicants need to be educated about the steps, costs, and timelines involved in title perfection. Regular sensitisation through newspapers, radio, and community forums can close the knowledge gap that middlemen exploit. A citizen who understands the process is less vulnerable to exploitation.

    One-stop service centres

    Lagos can establish one-stop centres where all land perfection processes—survey charting, valuation, consent, stamping, and registration—are coordinated. This reduces the run-around across multiple offices and curtails opportunities for middlemen to hijack the process.

    Professional regulation

    While lawyers and Estate Surveyors are legitimate players, their activities in title perfection need to be better regulated by their professional bodies to ensure transparency and fairness. Unqualified agents and touts should be weeded out through enforcement and public warnings.

    Review of statutory fees

    The high cost of perfection in Lagos fuels the demand for shortcuts. A review of statutory fees to make them more affordable will encourage compliance. When official fees are fair and predictable, the incentive to patronise middlemen diminishes.

    Stricter anti-corruption measures

    The Lands Bureau must strengthen internal monitoring systems. Staff found colluding with middlemen should face disciplinary actions. Anonymous whistleblowing channels and audits can also help check corruption.

    In conclusion, land title perfection is not merely a bureaucratic exercise—it is the foundation of property rights, investment confidence, and urban development in Lagos State. Yet, the overwhelming role of middlemen has turned the process into a burden for many applicants. While middlemen emerged to fill gaps created by bureaucracy, they have become part of the problem, inflating costs, encouraging corruption, and undermining trust.

    For Lagos State to achieve its ambition of transparent land administration, bold reforms must be undertaken. Digitalisation, public education, regulatory enforcement, and fee rationalisation will go a long way in reducing reliance on middlemen. By making the process efficient, affordable, and transparent, Lagos can ensure that landowners perfect their titles with confidence and without exploitation.

    The crisis of middlemen should no longer define title perfection in Lagos. It is time for the government, professionals, and the public to embrace a new order where land title perfection is transparent, affordable, and truly accessible to all.

    Hakeem Bakare, an estate surveyor and valuer, writes from Lagos 

  • Sanwo-Olu frowns at harassment of enforcement officials

    Sanwo-Olu frowns at harassment of enforcement officials

    Lagos Governor Babajide Olusola Sanwo-Olu and other stakeholders in the built environment, have called for mutual respect and cooperation between government enforcement officers and members of the public.

    Speaking at the 2025 stakeholders’ engagement on Physical Planning with the theme: “Planning Permit: The Rebirth”, organised by the Lagos State Physical Planning Permit Authority (LASPPPA) on Friday, the Governor stressed that harassment or assault of enforcement officials on duty is counterproductive and detrimental to the orderly growth of Lagos.

    Sanwo-Olu, represented by his Deputy Chief of Staff, Mr. Sam Egube, maintained that physical planning officers are carrying out statutory responsibilities in line with approved regulations and therefore deserve due courtesy and cooperation.

    He cautioned residents against verbal or physical attacks on officials and urged aggrieved members of the public to channel complaints through established government platforms. “Civility, dialogue, and adherence to due process are the hallmarks of a functional society that seeks sustainable development,” he said.

    The Governor further assured that the engagement reflected government’s commitment to transparency, accountability, and the protection of residents and officials in building a more resilient, well-planned Lagos.

    The Lagos State Head of Service, Mr. Olabode Agoro, emphasized that the administration is working tirelessly to bequeath a better Lagos to future generations. 

    He urged residents to uphold law and order, and treat government officials with the respect they deserve.

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    Earlier, the Commissioner for Physical Planning and Urban Development, Dr. Olumide Oluyinka, explained that the forum was a follow-up to the 2024 Physical Planning Summit held at Eko Hotels and Suites, where stakeholders underscored the importance of public sensitization and engagement on physical planning.

    Oluyinka assured that despite the frequent challenges faced by LASPPPA officials during enforcement, the government would not relent in ensuring that no physical development takes place in the State without necessary approvals.

    Special Adviser to the Governor on eGIS and Planning Matters, Dr. Olajide Babatunde, represented by the Permanent Secretary for Urban Development, Arc. Gbolahan Oki, commended the General Manager of LASPPPA, Tpl. Kehinde Osinaike, and his team for their efforts.

     He however lamented the poor attitude of some property owners and professionals toward planning laws, calling for a change in behavior.

    “Built professionals must discourage lawlessness by advising property owners appropriately and respecting their own professional boundaries,” he said, urging the public not to view demolitions of illegal structures emotionally, but rather as actions taken in the collective interest of society.

    Delivering a goodwill message on behalf of the Oba of Lagos, the Bajulaiye of Lagos, Chief Ayodele Oyekan, appealed for public support of government’s planning regulations. 

    He stressed that harassment of officers is unjust, considering they act strictly in line with the law. He encouraged aggrieved property owners to use complaint mechanisms or seek redress through the Lagos State House of Assembly, instead of resorting to self-help.

    “To live in Lagos, you must abide by the laws of the State,” he emphasised.

  • Nigeria’s housing sector contributes N11trn to GDP in 2024 – Mortgage Bank

    Nigeria’s housing sector contributes N11trn to GDP in 2024 – Mortgage Bank

    …says country faces 28m unit deficit

    Chairman, Board of Directors of AG Mortgage Bank PLC, Amb. Felix Nwabuko has disclosed that Nigeria’s housing sector contributed over N11 trillion to the nation’s GDP in 2024, according to figures from the National Bureau of Statistics (NBS).

    Despite this milestone, he noted that the country’s housing deficit still stands at more than 28 million units.

    Nwabuko made this known in Abuja during the presentation of the bank’s 2024 annual report and accounts, held in commemoration of its 20th anniversary.

    He highlighted that the federal government’s Renewed Hope Agenda gained traction in 2024 with greater emphasis on affordable housing delivery, housing finance reform, land titling, and stronger partnerships with private sector stakeholders.

    He explained that AG Mortgage Bank PLC continues to play a pivotal role in supporting national housing initiatives, citing the rising adoption of the policy that enables Retirement Savings Account (RSA) holders to access 25% of their pension balances for home equity contributions. According to him, this scheme is helping narrow Nigeria’s housing finance gap.

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    “As one of the leading administrators of RSA-linked mortgages, our bank is helping more Nigerians transition from tenants to homeowners. The Help-to-Own initiative of the Family Homes Fund, which is gradually driving mortgage rates closer to single digits, is also a welcome development, and AG Mortgage Bank remains one of its first active players among primary mortgage banks in Nigeria,” he said.

    He, however, listed persistent challenges facing the mortgage ecosystem, including poor access to long-term capital, insufficient supply of low-cost housing stock, high construction costs, slow foreclosure processes, and inefficiencies in land administration.

    To unlock growth at scale, he advocated for digitised land registries, capital market integration, credit enhancement, and regulatory reforms.

    Nwabuko stressed that consolidation is inevitable in the mortgage sub-sector, noting that a strong, innovative institution must emerge to lead with scale, drive acquisitions, or expand through organic growth.

    He added that AG Mortgage Bank is positioning itself to play that leadership role in the years ahead.

  • Why valuers are key to public buildings’ insurance, by Abiola Fadulu

    Why valuers are key to public buildings’ insurance, by Abiola Fadulu

    The Nigerian Insurance Industry Reform Act (NIIRA), 2025, has strengthened the compulsory insurance framework. Among other things, it expanded the categories covered, increased penalties, clarified that policies must cover owner/occupier liability for injury, death, or damage to the property of third parties or users, and reinforced the requirement for the Fire Services Maintenance Fund, with stricter rules for insurers to remit funds into it.

    Public buildings are critical assets in Nigeria’s socio-economic landscape. They include government offices, schools, hospitals, markets, cultural centres, and judicial complexes. These facilities not only support governance and public service delivery but also represent huge investments of taxpayers’ money.

    Protecting such assets against risks like fire, flooding, vandalism, and structural collapse requires proper insurance coverage. However, the effectiveness of such insurance largely depends on accurate and professional valuation.

    Accurate determination of insurable value

    The starting point of any building insurance policy is knowing the actual replacement cost of the property. Valuation ensures that government agencies do not under-insure or over-insure public assets. Underinsurance could result in inadequate compensation after a disaster, while overinsurance leads to unnecessary premium payments. A professionally conducted valuation provides a balanced figure that reflects market realities and construction costs.

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    Basis for fair premium assessment

    Insurance companies rely on the declared value of insured properties to calculate premiums. Without valuation, premiums may be arbitrarily set, exposing government agencies to financial risks. Valuation provides insurers with credible data to assess risk and fix fair premiums, ensuring that public funds are neither wasted nor mismanaged.

    Protection of public resources

    Because public buildings are funded by taxpayers, their insurance arrangements must be transparent and cost-effective. Valuation plays a vital role in safeguarding public funds by ensuring that insurance premiums and claims reflect the true value of assets. This promotes accountability in the management of government resources.

    Risk management and disaster preparedness

    Valuation goes beyond assigning figures; it identifies potential risks that may affect buildings. For example, schools in flood-prone areas or heritage buildings with higher preservation costs may require tailored insurance policies. By highlighting these risks, valuation helps government agencies plan for disaster recovery and ensure continuity of public services.

    Facilitating quick claims settlement

    Disputes often arise between insurers and policyholders over compensation figures. With a professional valuation already in place, claims settlement becomes smoother and quicker. This is crucial for public buildings such as hospitals or emergency response centers, where delays in reconstruction could disrupt critical services.

    Supporting asset register and governance

    An updated valuation of public buildings also contributes to Nigeria’s national asset register. This register provides a comprehensive record of government-owned infrastructure, aiding budgeting, planning, and policy implementation. Such transparency also builds confidence among citizens, investors, and development partners.

    Compliance with regulations

    The role of professional valuation in insurance is recognized under Nigeria’s regulatory framework. The Estate Surveyors and Valuers Registration Board of Nigeria (ESVARBON) mandates that only qualified estate surveyors and valuers can carry out valuations for insurance purposes. Compliance with this requirement enhances professionalism and reduces the risk of fraud or mismanagement.

    Conclusion

    Valuation is not just a technical requirement in public buildings insurance; it is a strategic tool for financial prudence, risk management, and good governance. For Nigeria, where public resources must be carefully managed, valuation ensures that government buildings are adequately protected, insurance premiums are fair, and recovery from disasters is swift. Estate surveyors and valuers, therefore, play an indispensable role in bridging the gap between insurance providers and public sector asset managers.

    –          Fadulu is an estate surveyor and valuer based in Lagos.

  • Abuja estate dispute: Document shows contender resigned in 2017

    Abuja estate dispute: Document shows contender resigned in 2017

    A document has emerged showing that real estate investor, Mr. Adrian Ogun, resigned from the board of Jonah Capital Nigeria Limited (JCNL) and Houses for Africa Nigeria Limited (HFAN) in July 2017.

    The letter, dated July 1, 2017, and addressed to Mr. Kojo Ansah, Chief Executive Officer of Jonah Capital Nigeria Limited and Houses for Africa Nigeria Limited, indicated that Ogun withdrew from the companies after disputes over unsettled debts and unpaid development control fees on their land in Kaba, Abuja.

    The letter resurfaced amid claims by Ogun that he founded Jonah Capital Nigeria Limited.

    In a statement refuting FCT Minister, Nyelsom Wike’s assertion on television that the disputed River Park Estate belong to the Ghanaian businessman, Sam Jonah of Jonah Capital, Ogun had alleged that the ongoing ownership tussle over the estate stemmed from disputes with foreign partners over shareholding adjustments made last year, which he claimed were unfavourable to Nigerian investors.

    He appealed to Nigerians to remain attentive to the legal process, noting that the matter was before the courts for determination.

    However, the resignation letter dated July 1, 2017, and addressed to Mr Kojo Ansah, the Chief Executive Officer Jonah Capital Nigeria Limited & Houses for Africa Nigeria Limited River Park Abuja, was allegedly written by Mr Adrian Ogun, communicating his stepping aside from the two companies.

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    According to the letter, Ogun’s resignation followed unresolved financial commitments between the parties reached at an earlier meeting on expanse of land at Kabba and River Park Estate.

    In the letter, Ogun asked Jonah Capital to pay outstanding bills owed to the Federal Capital Territory (FCT) and Common Consultants Limited, amounting to over N102 million then. He enclosed pre-signed forms to finalise his resignation from the boards.

    A part of the letter read: “3) You will please accept my immediate resignation from the Board of Jonah Capital Nigeria Limited (JCNL) and Houses for Africa Nigeria Limited (HFAN). Since, “CCL does not have any dealings with JCNL and HFAN” since handover by John Townley Johnson of Houses for African Holdings to JCNL in 2012 (please find attached pre-signed CO2 and CO7 forms for implementation within 28 days). Please can you kindly arrange for Sir Sam Jonah and other directors to sign the CO2 and CO7 forms as soon as possible. Yours sincerely, Adrian Ogun.”

    The developer, Adrian Ogun, also copied Mr Paul Odili of Paulo Homes Limited in his letter.

    The ownership of the estate in Abuja has been under review by the Attorney-General of the Federation, Lateef Fagbemi, and an FCT Ministerial Committee, who have visited the site. The matter is also before the courts for determination.

  • Lagos Assembly to meditate in Royal Gardens Estate electricity dispute

    Lagos Assembly to meditate in Royal Gardens Estate electricity dispute

    Residents of Royal Gardens Estate in Ajah, Lagos are seeking intervention from House of Assembly regarding a long-standing dispute with their developer, Trojan Estate. 

    The dispute revolves around electricity supply, service charges and alleged rights violations.

    Speaking during a visit to the House Committee on Housing, headed by Mr. Segun Ege, the Chairman of the Royal Gardens Estate Residents Association (RGERA), Mr. Anthony Ogbebor, said the community had been battling “unfair” practices for over a decade, which worsened in the past 18 months.

    According to Ogbebor, the developer introduced a controversial block-metering system after a communal generator failed to meet the Estate’s power demands. 

    Under the arrangement, all households are linked to a single meter in the common area, making residents collectively responsible for the estate’s entire bill.

    His words: “Right now, I have over 4,000 units on my prepaid meter but no electricity because of the block meter system. We have met our obligations but are being punished for a system that is clearly against the law,” Ogbebor said.

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    He noted that while similar estates such as VGC and Crown Estate have been directly metered by the Eko Electricity Distribution Company (EKEDC), Trojan Estate had blocked such efforts in Royal Gardens. “EKEDC has confirmed it is willing to meter us directly. The developer does not live here yet insists on a system that is crippling residents financially,” he said.

    The residents’ woes worsened in April 2024 when electricity tariffs jumped from ₦74 per Kilowatt hour to ₦241. 

    Because of the block-metering arrangement, Ogbebor said the new rate was applied instantly, ballooning their monthly bill from about ₦60 million to nearly ₦290 million and plunging the estate into darkness since May 26, 2024.

    He also alleged that the developer had refused multiple invitations from the Nigerian Electricity Commission (NEC) to mediate, instead opting to challenge NEC’s jurisdiction in court. The matter, now over a year old, is still awaiting judgment.

    “We don’t want to take the law into our hands. That is why we are appealing to the House to intervene. This is about fundamental human rights,” Ogbebor stressed.

    “During the hearing, the Members of the House Committee reportedly asked the developer to produce documents showing the status of the court case and promised to fix another date to revisit the matter. One of the options being considered is for the House to seek the Chief Judge’s intervention to expedite judgment.

    The residents are demanding two key changes: the removal of the block meter system in favour of individual metering by EKEDC, and transparency in the collection and application of service charges within the estate.

    As of press time, Trojan Estate was yet to publicly respond to the allegations.

  • How housing can stimulate economic growth, by Nureni Ayinla

    How housing can stimulate economic growth, by Nureni Ayinla

    Housing is one of humanity’s most fundamental needs. However, its inadequacy remains one of Nigeria’s greatest challenges. Nigeria’s urban centres are patterned by overcrowded apartments, over-usage of infrastructures and public amenities with consequences on households’ health and productivity.

    According to the Federal Mortgage Bank of Nigeria (FMBN), the country’s housing deficit is estimated at over 20 million units, and in bridging this gap, a whopping ₦21 trillion or more in investment would be targeted by policy makers, institutional regulators, real estate developers, and housing subscribers.

    Every year, Nigeria’s population grows by nearly 5.5 million people, whereas, housing production, unexpectedly, lags far behind, adding only about 100,000 units annually.

    This scenario typifies the renowned economist, Rev. Thomas Malthus’ description of his era when population was increasing geometrically, while food production was crawling behind it arithmetically. 

    Nigeria’s housing crisis remains a perennial headache with huge consequences in spiraling rents, overcrowding of available apartments, and the rise of informal settlements in cities like Lagos, Abuja, and Port Harcourt.

    Housing construction is phenomenally delusional in Nigeria today with almost every corner of Lagos, Abuja, Kano, Port Harcourt, Ibadan, and other bustling and rapidly growing cities experiencing housing construction in different shades, sizes, qualities, and quantities.

    Although there are pockets of building collapse here and there, the net building productions available in the market are like a drop in the ocean, when juxtaposing housing productions with housing needs.

    Three words properly encapsulate the housing construction phenomenal delusion; affordability, accessibility, and sustainability.

    Nigeria is a country where the poor masses, though in large numbers, still get missing in the crowd. For instance, the majority of urban housing developments target high-end users, such as the high-income and upper-middle class, leaving the lower middle, and lower-lower class in want of affordable housing.

    In defence of their position, real estate developers have tactically shoulder the blame, while emphasizing high cost of building materials, land accessibility difficulty, cumbersome regulatory process, and high-handedness of the government’s multiplicity of agencies.

    While the problems of housing inadequacy in Nigeria keeps featuring in global headlines, deliberate and strategic home-solutions should be sought for alleviating the soaring problems. One of the ways of doing this is to see housing beyond construction.

    Hitherto, emphasis has been on multiplying housing developments to meet the demands of the Nigerian populace. In order to facilitate this, governments at all levels have instituted different frameworks that will encourage individuals to own their houses, access mortgages, and access land through different schemes.

    Unfortunately, the policy frameworks have failed in the presence of economic volatility. As such, the over-exaggerated efforts of governments have been inconsequential in real terms.

    Therefore, the real solutions to housing inadequacy, though would be steered by government, requires concerted efforts of all stakeholders, such as: financiers, professionals in built environment, estate surveyors and valuers, legal practitioners, tax experts, and mortgage institutions.

    Achieving quality and affordable housing for all must stem from some certain activities like, accurate valuation of properties to guide and regulate pricing (which is necessary to discourage the evils of speculations), efficient property and facilities management, as well as advisory functions on land administration, use, and development.

    These activities fall within the estate surveying & valuation profession. Surprisingly, the profession has been growing at a reducing rate over the years, while facing a snowball-like challenge of quackery that threatens its survival.

    The training of estate surveyors and valuers, though paramount in mass housing production and management, has been dampened by the activities of untrained quacks and charlatans, who are mostly preferred by many ill-informed property owners.

    The consequences of such unhealthy preference reflect in the form of mismanagement of housing units, accrued repairs and maintenance that shorten life span of buildings, loss of revenue to house owners/developers, and lastly a discouragement of housing production.

    Beyond the construction phase of a housing development is the phase of revenue generation and preservation of property values.

    Many public and private houses developed in the 80s are no longer viable economic entities. For instance, all the Jakande estates across Lagos States, which were developed in various parts of the State in the 1980s have become grossly dilapidated, not because of poor construction but due to lack of quality and professional management. More so, such style of housing construction is no longer relevant in the presence of the rising Lagos population.

    Housing plays a great influence on economic growth. It promotes healthy and productive workforce and creates employment throughout the life cycle of a building. From the conception of housing development to procurement of materials, construction and post-construction phases, different professionals in large numbers play critical roles that generate income for the maintenance of their families.

    Running the housing industry as an economic agent is a panacea for rapid economic recovery in Nigeria. This is because all physical and social activities require some form of housing development and healthy people to function. 

    As a result, all hands must be on deck to make a good fight for housing survival and sustainability in Nigeria. A few steps, if taken and well implemented, may make a visible difference.

    Examples of such steps are, accurate valuation and pricing of materials and end-products, professional property and facilities management, and responsive and cost-effective land administration.

    Others are conducting pre-investment analysis by way of investigating the project’s feasibility and viability prior to committing funds and bridging the gap between regulatory framework, developers, and the market.

    Besides, the following more recommendations, will play a critical role in ensuring that housing deficits in Nigeria decline massively while promoting development of affordable housing for all the lower class.

    Firstly, government housing agencies at federal and state levels should formally integrate Estate Surveyors and Valuers in planning, execution, and monitoring of housing projects.

    Secondly, there should be reengineering of land titling. Through this process, which also involves land documentation, and land value assessment, Nigeria can reduce transaction bottlenecks and improve its global ranking in ease of property registration.

    Thirdly, the services of professional estate surveyors and valuers should be engaged to promote affordable housing through valuation-based incentives. With this, the government can design tax reliefs and subsidies that target genuinely affordable housing, rather than speculative projects.

    Fourthly, access to mortgage finance should be expanded. With credible valuations from estate surveyors and valuers, banks and mortgage institutions can confidently expand credit to homeowners, especially in the middle-income bracket.

    Above all, facility management should be institutionalized in public housing. To do this, estate surveyors and valuers should be mandated to manage new public housing estates to avoid the cycle of rapid urban decay.

    In conclusion, Nigeria’s housing deficit may seem daunting, but it is not insurmountable. By strategically deploying the expertise of estate surveyors and valuers, the country can move from piecemeal interventions to sustainable solutions.

    Their skills in valuation, land administration, property management, and investment advisory are exactly what Nigeria needs to turn housing from a crisis into an engine of growth. The question, therefore, is not whether Nigeria can solve its housing problem, but whether it will recognize and fully harness the professionals best positioned to do so.

    Ayinla is a professional Estate Surveyor and Valuer, and Assistant Director, Lagos State Lands Bureau. He writes from Lagos.

  • ‘Effective town planning key to sustainable growth’

    ‘Effective town planning key to sustainable growth’

    President, Town Planners Registration Council of Nigeria (TOPREC), Isyaku Kura speaking at the Annual General Meeting (AGM) of the Nigeria Institute of Town Planners (NITP), Lagos chapter themed “Town Planning Investment Opportunities in Lagos State”, said in a bustling, megacity like Lagos, effective town planning is the foundation for sustainable growth and economic prosperity that ensures development is not only rapid but also orderly and equitable. 

    He said  by  creating  functional master plans and enforcing land use policies, town planners provide the predictability and structure that investors need to make long- term commitments without this  According to him, development becomes chaotic, leading to the very problems we are trying to solve such as traffic congestion, inadequate infrastructure and a poor quality of life.

    He said: “The theme of this AGM highlights the critical link between our profession and the state’s economic future. When we as Town Planners create well-thought out development frameworks, we directly unlock investment opportunities in several key sectors. In real estate we ensure proper zoning and land-use regulations that will guide developers toward areas with high potential, for residential, commercial, or industrial projects. Other areas are in infrastructure, technology and innovation and tourism and recreation”.

    National President, Nigeria Institute of Town Planners (NITP), Dr. Ogbonna Chime has urged town planners in Lagos to continue serving as a beacon of hope of professional practice and a reference point for other chapters across the Federation.

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    In his goodwill message at the Annual General Meeting (AGM) of the NITP Lagos chapter he asked for a renewed commitment and advancement of the planning practice in Nigeria.

    He said: “Let me hail both members of this chapter and indeed Lagos State Government for being the best in all aspects of urban and Regional Planning. Lagos as a state has the highest concentration of population because of its small land area among all states of the federation, in the state. This is a feat difficult to achieve and maintain if not for your strict adherence to the provisions of the 1992 Urban and Regional Planning Law. I therefore commend other Nigerian states to borrow a leaf from Lagos State in all Urban and Regional Planning matters”.

    Also, the National Chairman, Association of Women Town Planners in Nigeria (AWTPN), Rekiyat Fache said the gathering is a platform  for charting a sustainable course for physical development  in Lagos State, which remains the economic nerve centre of Nigeria and indeed a global megacity in its own right.

    She said: “The chosen theme: “Town Planning Investment Opportunities in Lagos state” is both timely and strategic. As Planners, we know that Lagos is a land of immense possibilities but equally a city of daunting urban challenges. Yet, within these challenges lie enormous opportunities for innovative Town Planning solutions, creative financing models, and public-private partnerships that can drive inclusive and sustainable development.

    Fache said opportunities abound in Lagos in areas such as affordable housing and New Towns Developments to bridge the housing gap and reduce informal settlements. Transit- oriented development, leveraging the ongoing transport infrastructure expansion to attract private investments while easing mobility.

    She maintained that Town Planners expertise in identifying, structuring and guiding these investment opportunities cannot be overstated.

     “As women Planners, we in AWTPN, are committed to ensuring that investment opportunities in Lagos and across Nigeria are harnessed with inclusivity, resilience and sustainability at the forefront. We encourage more collaboration among planners, investors, policy makers, and communities so that the Lagos of tomorrow reflects our shared vision of a livable, prosperous and inclusive megacity”.

    Speaking also the Lagos Commissioner for Housing, Moruf Akinderu-Fatai said the theme of this year’s symposium is not only timely but visionary. He  stated as our megacity continues to expand, we must recognize that town planning is not merely about physical layouts or zoning regulations; it is about economic strategy, investment security and long term livability.

    According to him, when planning is visionary and structured, it creates an enabling environment for local and foreign investors. When planning is weak, it discourages capital inflow, creates disorder, and amplifies inequality.

    Earlier, the Lagos State Chapter Chairman, Oladele Akindele asked for more commitment by members. In his words if and when there is an orderly, decent living and working environment, which every Lagos resident is entitled to and the government of the day is committed to provide,  the resultant  effect would be felt in the areas of government less spending on health provisions, reduction in medical tourism, slum, urban regeneration and security.

  • Novarick projects ₦174 trillion impact through project 1600

    Novarick projects ₦174 trillion impact through project 1600

    Novarick Homes has announced the launch of an ambitious initiative tagged Project 1600 – Vision 2045, a twenty-year plan to deliver 1,600 apartments across four of Nigeria’s key cities: Lagos, Abuja, Ibadan and Port Harcourt.

    Unlike a single large estate, the initiative will be executed through distributed housing developments built on available land in these cities, from single plots in densely packed urban communities to larger hectares where expansion is possible. 

    The firm said this approach reflects the realities of Nigeria’s property market and allows the company to adapt quickly to available resources while still working within a long-term vision.

    Speaking at the unveiling in Lagos, Chief Executive Officer of Novarick Homes, Noah Ibrahim, described Project 1600 as a housing solution and a national development plan. 

    “When people hear about a 1,600-apartment initiative, they might imagine one massive estate. But what we are doing is more dynamic,” he said.

     “This is a phased programme that takes advantage of available land across four key cities, because housing delivery must be flexible to succeed. In some locations, it might be a cluster of apartments on a single plot, in others it could be a full estate on several hectares. What matters is that we are intentional, coordinated and consistent until the vision is achieved by 2045.”

    Ibrahim explained that one of the strategies for ensuring quick delivery is collaboration with other developers, an approach that has worked for Novarick in the past. 

    “We recognise that collaboration accelerates results,” he said. “In the Lekki-Ajah axis, we partnered with Thesaurus Gardens in delivering Peninsula Residences and Laurels Villa, and with GMYB in delivering Roda Terraces.

    ” These partnerships proved that by combining strengths, we can deliver quality housing faster and with greater impact. Project 1600 will also follow this path, because solving Nigeria’s housing challenge cannot be the work of a single developer.”

    Read Also: Novarick, Finebricks, Thesaurus Gardens to fast-track real estate development in Ibadan

    He added that Novarick will continue its practice of working with government agencies in the built environment across the target states to ensure strict compliance and quality standards. “Housing delivery must be done with regulators at the table,” 

    Ibrahim said. “This is why we collaborate with the relevant state and national agencies in the built environment, to ensure that every structure we put up meets the right standards of safety and quality.”

    The project is valued at over $116 billion and will cover more than 200,000 square metres of land, ultimately providing homes for more than 6,000 people. Beyond housing, Novarick projects that the initiative will directly and indirectly impact over 20,000 Nigerians through employment opportunities, while offering investors significant returns estimated at 190 times value over the period.

    Ibrahim stressed that the plan goes beyond real estate. “Project 1600 is more than buildings,” he said. “It is a 174 trillion naira wealth and impact engine for Nigeria. We are talking about an initiative that aligns with United Nations Sustainable Development Goal 11 (Sustainable Cities and Communities), because we believe cities must work for people. If we want to change public perception of real estate in Nigeria, then we must show that housing can be inclusive, reliable and sustainable.”

    On the choice of locations, Ibrahim noted that Lagos, Abuja, Ibadan and Port Harcourt capture the diversity of Nigeria’s housing challenge. 

    “These cities are where housing demand is most urgent,” he explained. “Lagos remains the country’s commercial hub, Abuja is the political centre, Ibadan demonstrates the growth of regional urban cities, and Port Harcourt represents our industrial and oil-based economy. Together they show us where the pressure is greatest, and by building in these places, we are taking a national approach.”

    Novarick also revealed that all structures under Project 1600 will be fully insured from construction to habitation through an exclusive partnership with Insurtech firm, Kolanut Africa. 

    In addition, mortgage arrangements will be available to buyers who prefer to spread payments over time, a move the company says is intended to make ownership more accessible and reduce entry barriers.

    Novarick’s Client Relations Manager, Susan Adebanjo, highlighted the increasing demand for real estate from investors seeking stable, cashflow-generating assets. “What we see in the market today is that investors are diversifying their portfolios as we experienced while selling our Ruby Apartments in Ologolo Lekki,” she said. “Many of them are moving away from volatile sectors and are looking into real estate, not just for appreciation but for steady cashflow and stability. Project 1600 is structured to meet that demand. It will provide a pathway for investors who want reliable returns while also contributing to housing delivery in key cities. For us, it is about connecting investor interest with societal need in a way that benefits both sides.”

    Ibrahim called for  greater accountability in Nigeria’s real estate sector, cautioning that fraudulent practices and unfulfilled promises continue to erode public trust. 

    “Developers must understand that this is bigger than business,” he said. “Our responsibility is not only to sell property but to build confidence in the system. If Nigerians see that ownership is possible and secure, then we have solved more than a housing problem, we have contributed to national stability.”

    With Project 1600 – Vision 2045, Novarick Homes said it aims to demonstrate that housing delivery, if approached with flexibility, collaboration and accountability, can become the foundation of both wealth creation and sustainable urban development in Nigeria.

  • Property Tax: ACRC seeks reform to transform cities’ revenue system

    Property Tax: ACRC seeks reform to transform cities’ revenue system

    The Director of the Land Valuation Division, Lands Commission, Ghana, Dr. Theodora Mends, has called for comprehensive reform of property taxation as a pathway to strengthening local revenue systems and financing sustainable urban development across African cities.

    Mends spoke recently during her presentation at a session hosted by the African Cities Research Consortium (ACRC) at the African Real Estate Society (AfRES) conference, which held in Lagos. 

    Her presentation, titled: “Reforming Property Taxes for Equity and Inclusion in African Cities: The Way Forward,” stressed that successful reforms must rest on four pillars of institutional capacity, fair valuation, political support, and visible benefits for citizens.

    She argued that cities must embrace digital innovation to modernise property tax systems, even as she recommended measures such as the use of digital tools for property data collection and assessment, online portals for public access, mobile and web-based payment platforms, and community-based payment booths.

    To boost compliance, she urged the implementation of consistent public education campaigns, simplified payment processes, and incentives or rebates for early and regular payers. Reforms, she added, should also introduce firm payment deadlines, sanctions for defaulters, user-friendly grievance redress mechanisms, and private-sector participation in valuation and revenue collection under structured public-private partnerships (PPPs).

    According to the expert, property taxation is globally recognised as the primary source of funding for local development, noting that in advanced economies, “it provides reliable revenue for schools, hospitals, public transport, security, waste management, and employment opportunities, particularly for young professionals.”

    By contrast, African cities remain heavily under-reliant on this tool. She noted that property tax accounts for just 0.38 per cent of Gross Domestic Product (GDP) across Africa, with Sub-Saharan Africa averaging between 0.1 and 1 per cent. In high-income countries, the figure typically reaches 2 per cent of GDP.

    Ghana experience

    Highlighting ongoing initiatives in her home country, she said Ghana has introduced a unified property rate platform, a revenue-sharing model through PPPs, a national property addressing system, and electronic mass property appraisal. 

    However, she noted that challenges persist, including low coverage and weak compliance. 

    Read Also: NUJ urges transparency, effective deployment of tax resources

    In Nigeria, reforms have focused on Geographic Information System (GIS) mapping, digital payments, and improved administration, yet the system remains constrained by incomplete property records, informality, inefficiency, and low enforcement.

    Broader challenges across African cities, Dr. Mends observed, include outdated legislation, weak regulatory structures, poor transparency, limited public knowledge of assessment processes, and a lack of accountability among tax collectors. 

    Other barriers, she noted, are obsolete valuation rolls, high and uneven tax rates, inadequate adoption of technology, and low collection efficiency.

    She, however, pointed to success stories from Freetown, Kampala, and Dakar, where, she said, municipal authorities have deployed satellite imagery, drone data, mobile GIS, and Computer-Assisted Mass Appraisal (CAMA) systems. These innovations, she explained, have enabled the creation of digital property registers and credible tax bases even in areas with weak addressing systems or informal property markets.

    Dr Mends concluded that reforming property taxation is central to achieving equitable, inclusive, and sustainable urban development in Africa, noting that without it, cities will struggle to finance basic services, reduce poverty, or keep pace with rapid urbanisation.

    Panel discussion

    Following Dr Mendes presentation was a panel session moderated by the Manager of the Centre for Housing and Sustainable Development at the University of Lagos (CHSD-UNILAG), Dr. Esther Thontteh.

    The panel, which featured the Dean of the School of Environmental Science at the Federal University of Technology, Minna, Niger State, Prof. Olurotimi Kemiki; a Valuation and Investment specialist at Obafemi Awolowo University, Prof. Olusegun Ogunba, and Mr. Olaitan Olaoye of Gbenga Olaniyan and Associates.

    These panelists echoed the urgency of reform, underscoring both the economic and social dimensions, and warned that speculative land banking in prime areas, such as Lagos, fuels scarcity and shuts out low-income earners, advocating for higher taxes on vacant plots. 

    They stressed that without comprehensive reforms, African cities will struggle to deliver essential infrastructure, reduce inequality, and manage rapid urbanisation.