Lagos State has launched a statewide initiative to determine, doc, and formalise casual land belongings estimated to be price about N3 trillion.
The initiative is aimed toward curbing land misuse, unlocking dormant {economic} worth, and considerably boosting internally generated income by bringing undocumented land into the formal system.
In accordance with a press release posted on the state authorities’s official X account on Thursday, the train will contain intensive mapping, valuation, and integration of land parcels which have remained exterior official information for years.
Casual land belongings discuss with lands which can be occupied, inherited, or actively used however lack formal documentation comparable to Certificates of Occupancy or registered titles, making them legally and economically invisible.
The Lagos State Authorities stated the initiative is designed to unlock the {economic} potential of undocumented lands throughout the state whereas lowering income leakages and enhancing land governance.
The venture follows Governor Babajide Sanwo-Olu’s approval, with Octragon Multi Tasks appointed as advisor to steer the train in collaboration with related Ministries, Departments, and Companies (MDAs).
“The Lagos State Authorities has introduced a complete venture to determine, doc, and revitalise all casual land areas throughout the state. The initiative goals to curb misuse, unlock {economic} worth, and enhance income technology,” the assertion learn partly.
The federal government added that correct documentation would additionally guarantee truthful compensation the place relevant and strengthen city planning outcomes.
The CEO of Octragon Multi Tasks, Engr. Gbolahan Awonusi, stated the initiative builds on earlier land documentation efforts in Lagos, noting that the {economic} worth of casual land belongings has risen sharply over the previous decade.
The Lagos State Valuation Workplace will coordinate the train alongside related MDAs, whereas the Lagos State Casual Area Administration Authority stated correct valuation may rework casual areas into sustainable, revenue-generating belongings.
Throughout Nigeria, thousands and thousands of land parcels maintain actual {economic} and social worth however stay excluded from the formal economic system because of the absence of authorized titles.
The N3 trillion estimate displays the size of worth at present sitting exterior official land information within the state.
To grasp the broader implications of land formalisation, Nairametrics spoke to business consultants, who stated the Federal Authorities’s World {Bank}-backed framework supplies path, however Lagos’ initiative may decide how shortly actual {economic} worth is unlocked.
Engr. Babatunji Adegoke, Common Secretary of the Nigerian Establishment of Civil Engineers (NICE), Lagos State Chapter, stated land registration “goes past titles.”
A Amount Surveyor with over a decade of expertise stated expertise can be decisive, stressing that “drones, GIS, and powerful public-private partnerships can considerably reduce the associated fee and time of land mapping,” particularly for a fancy state like Lagos.
Lagos’ transfer aligns with the Federal Authorities’s land formalisation agenda, backed by a World {Bank} partnership introduced in September 2024 to register all land titles in Nigeria inside 5 years.
Lagos’ mapping and valuation drive positions the state as an early implementer of this nationwide framework.
