Land, along with finance and labour, is a major factor of production that drives industrialization, agriculture, real estate, and ultimately economic growth.
In real estate, land is as important as the sector itself. Without land, no activity will take place, no matter the quantum of finance available to the investor, or the level of expertise labour possesses. Everything happens on land.
Lack of access to it is, therefore, a major problem for an investor or individual builder, and for the sector itself. But an expert, a legal icon, reasons differently. He notes that Nigeria possesses enormous quantities of valuable urban land, citing empty parcels in places like Ikoyi. Victoria Island, Lekki. Apapa, Port Harcourt, and Abuja.
The expert, Kevin Ebhojie, Managing Partner, Brickhouse Solicitors, further notes that these parcels of land have remained undeveloped for years—sometimes decades-and asks, “If the land already exists, why hasn’t it become productive?”
Continuing, he
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