Transforming Land Administration in Nigeria: The Power of Blockchain Technology
In Nigeria, the complex nature of land administration presents a challenge that hinders economic growth and the optimal utilization of land resources. The process encompasses a variety of activities such as land acquisition, surveying, mapping, registration, and the issuance of titles. Efficient land administration is fundamental to unlocking the real estate sector’s full potential, attracting […]
Private Blockchain Independent of Public Land Administration
According to Businessday’s publication of June 14, 2021, opportunity in the Nigerian real estate industry is worth an estimated US$56billion. And yet, the potential has barely scratched the surface of possibility. Contemporary real estate deals are limited to the most basic transactions conducted by the brave, at considerable risk. Unreliable record keeping is widespread across the country, and unscrupulous middlemen make it difficult for stakeholders to make informed commercial decisions.