Nigeria Land Titles Lock Credit

AbujaNigerian lending equals 12.9% of GDP, against 20.1% regionally.

Armstrong Takang of Ministry of Finance Incorporated says under 10% of properties have proper titles.

Homes without verifiable ownership records cannot serve as loan collateral, so owners cannot borrow against them.

House Speaker Abbas Tajudeen said Nigeria “lacks enough trust in property.”

The House of Representatives is weighing a bill to create a National Real Estate Regulatory Authority to license agents and developers.

How each outlet framed it

Premium Times Nigeria: ties under-10% land titling to Nigeria's 12.9% credit-to-GDP ratio against 20.1% for sub-Saharan Africa