MAJOR LAND TENURE SYSTEMS IN NIGERIA

If you are interested in owning land in Nigeria, then you need to know about the land tenure system in Nigeria. As the largest black nation on earth, Nigeria has a land tenure system and they vary based on states, cities, towns and even villages.

In this article, you will know about the land tenure system in Nigeria, the importance of the land tenure system, rent tenure system, inheritance tenure system and so many other land tenure systems. Read on to stay up-to-date.

Why The Land Tenure System In Nigeria?

Many landowners are not aware of the Nigerian land tenure system, some don’t know such a thing exists. The reason why we have a land tenure system in Nigeria is to put landowners in check i.e. the Nigerian land tenure system regulates the land ownership behaviour.

We have different types of land tenure systems in Nigeria of which we will be talking about each one of them giving the details on them all.

Land Tenure System in Nigeria

Below is the list of the major land tenure system in Nigeria:

§  Communal land tenure system

§  Leasehold tenure system

§  Inheritance tenure system

§  Gift tenure system

§  Rent tenure system

§  Tenants at the government will

§  Freehold tenure system

1. Communal Land Tenure System

This is the type of land tenure placed under the control of the community thereby making the community the governing power of such land. With this, the leader of the community will be in charge and he/she makes the necessary decisions on how lands ownership and sharing should be. Such land can’t be used as collateral for loan applications, it is the perfect type of land for agricultural activities.

2. Leasehold Tenure System

As the name implies the Leasehold Tenure System is the temporary ownership of land and this power is usually granted by the landlord. With this in place, one can permanently use the land till the lease period is reached. It can be used for normal housing or for crops cultivation or other things the current owner deems fit to use it for.

3. Inheritance Tenure System

This is self-explanatory, simply means after the demise of the landowner then the land ownership is automatically transferred to the next of kin of the landlord. It is important to know that this kind of tenure system usually ends up in conflicts between the children or relatives of the late owner, it is an inheritance system that children or unborn children have access to.

4. Gift Tenure System

This is the type of tenure system which happens on the wish of the owner, once he or she wishes to gift out a piece of land to someone voluntarily. Though this could be used as collateral for loans but most times the court can revoke the ownership of the land.

5. Rent Tenure System

This is a popular tenure system in which a tenant needs to pay to use the land for a particular period of time, though this tenure system is for a very short period of time. There are obligations the tenants have to perform likewise the landlord, this doesn’t give much power to the tenant.

6. Tenants at Government Will

This is a type of tenure system that farmers benefit from i.e the Federal Government of Nigeria gives lands to farmers or subsidized them to make them cheaper. This type of land tenure system cannot be used as collateral to acquire a loan from financial institutions.

7. Freehold Tenure System

The freehold tenure system is designed in a way that some money will be paid though always expensive, but there is one thing about this, the land can be used as loan collateral.

Reference: propertypro

OUR ESTATE LOCATION:

Abuja, Asaba, Enugu, Uyo, Calabar, Port Harcourt, Ibadan, Benin, Warri, Osogbo, Ota, Awka, Owerri, Umuahia, Abakaliki, Epe, lagos, Abeokuta, Ogun and nationwide

SMS, Call or WhatsApp: 07030765952

bikejoseph@gmail.com

https://joenigeria.blogspot.com

For DailyProperty listing In Uyo

For our products and services

For updated landlistings nationwide

For more information about Joe Nigeria

IBOM E-LIBRARY provides the following rentals services: Conference hall for meetings, summits, workshops, seminars etc. We also have office spaces, Board rooms, a CBT centre, academic and Outdoor spaces for rent Location: Along IBB Way Uyo. Contact: 07030765952