FG may peg cost of C of O at N65,000

The Minister of Agriculture and Rural Development, Akinwumi Adesina, has disclosed that Nigeria would soon join the new alliance for global food security. This he said will depend on the success of the reform of her land use policy. The is even as indications emerged that Certificates of Occupancy(C of O) may be pegged at N65,000 for urban land ownership and N5,000 for rural areas.

Adesina who revealed this during the visit of the Presidential Committee on Land Reforms led by Prof. Peter Adeniyi in Abuja, said: Nigeria will soon join new alliance for global food security as it has strong support from existing countries who are also pressing for land reform as a condition sinces it is the only way she can guarantee access of the poor to land.” that land registration has been widely politicized. He disclosed that the private sector will also experience tough time accessing land for large scale farming while farmers cannot use their land for collateral because of high level of corruption in he system.

He therefore urged the committee to cut down the cost of land registration and also look into women’s access to land, advising the delegates to address the issues and protect rights of community to land in order to avoid land grabbing problem. The minister assured that the ministry would give the committee all the needed support to ensure proper titling and registration of land, and proper planning of land use.

In his remarks, Prof Adeniyi disclosed that the committee will soon introduce new land titling and registration module in the country, to make land registration simpler and more participatory, stressing that, the newly introduced land titling module would enable farmers use their land as collateral to secure loans from banks.

He said with the new system of land registration, Nigerians in the Urban areas would pay N65,000 to get Certificate of Occupancy, while those in the rural areas would pay N5,000. According to him, the committee in partnership with the World Bank and Food and Agricultural Organization (FAO) introduced a systematic land title registration which involves bio metric collection of data on land so as to know actual owners of lands in the country.

However, he decreied the poor attitudes to land registering stressing that while less than 3 per cent of land in the country are registered and mapped, 79 per cent of it is not titled, noting that out of 183 countries, Nigeria ranks 180 on the issue of land registration.

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