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Despite the contestable economic woes of the nation Nigeria, there is no doubt that Nigeria remains a viable investment destination for foreigners. This is especially so where the naira ...
To print this article, all you need is to be registered or login on Mondaq.com. The control of foreign ownership of landed property in Nigeria is regulated by the Acquisition of Lands by Alien Laws of respective States, while the ownership of land generally is regulated by the Land Use Act of 1978. By virtue of Section 1 of the Land Use Act 1978, all lands in Nigeria are vested in the Governor of each state. Section 1 of the Land Use Act provides that; Subject to the provisions of this Act, all land comprised in the territory of each State in the Federation is hereby ...