The Minister of Housing and Urban Development, Ahmed Dangiwa, has announced plans to increase the formalization of land transactions in Nigeria by 50 per cent over the next decade.
He stated that this initiative aims to unlock over $150 billion in dead capital, potentially boosting Nigeria’s GDP by 30 per cent.
Dangiwa revealed this at the ministry’s 2025 Sector Retreat in Lagos. The event, themed “Actualising the Renewed Hope Agenda for Housing and Urban Development: Examining Strategies, Identifying Opportunities to Boost Scale and Impact,” in Lagos recently,” focused on advancing housing sector reforms.