Establishment of Criteria for Standardized Land Valuation Mechanism within the Context of Land Titling and Registration in Nigeria

Abstract

The topic envisages a discussion on the establishment of criteria for standardized land valuation mechanism within the context of land titling and registration in Nigeria in furtherance of the implementation of the land reform agenda of the Federal government. The imperative to reform the existing land policy in Nigeria presupposes that a more functional, dynamic, development friendly and user/owner security conscious land policy should be articulated. Generally, land valuation mechanism is dynamic and evolves to suit the peculiar motive, time and system in place in a particular society. It is necessary, therefore that methods put in place are such that would ensure success and efficiency in achieving the set objective. It is only through the continuous monitoring and assessment of any existing principle can the long-term favorable strategies be achieved. The work attempts to analyse the different approaches and recommends the most appropriate mechanism towards achieving the set objectives.

Keywords: Criteria, Standardized, Land Valuation, Mechanism, Land Titling, Land Registration