A real estate developer, Mr Babatunde Gbadamosi, has called for the repeal of Land Use Act to allow for freehold ownership system in all states across the federation.
Gbadamosi, CEO of Red Bricks Homes, told newsmen on Monday in Lagos that the repeal of the law would help attract the much-needed investment in real estate sector.
He said that the repeal of the Land Use Act would also remove land ownership from state governors and guarantee security of land ownership for the people.
He said countries like the United States, United Kingdom and other developed economies had used the freehold land ownership system to catalyse massive economic development, saying that the same was possible in Nigeria with the abolition of Land Use Act.
”The Land Use Act has an unsalutory effect of taking away the ownership of land from the people of Nigeria and handing it to state governors.
”In fact, it is something that, in my opinion, detracts from the possibility of an economic growth in…
Source: Guardian Newspaper
