Ehichioya Peter Odion: Land allocation reform – A Position Statement.

3 hours ago 2

Cove Real Estate and Constructions Nigeria Limited

Cove Real Estate and Constructions Nigeria Limited, under the leadership of its Chief Executive
Officer, EHICHIOYA Peter Odion, draws attention to the urgent need for structural reform in land
allocation within Rivers State, Nigeria. As an organization actively operating within the real estate
sector, we have witnessed firsthand how persistent challenges such as land grabbing, multiple
allocations of the same plots, and community-related disputes are gradually affecting investor
confidence and slowing down property development across the state. The absence of a fully
centralized and transparent land allocation system has created uncertainty within the market.
Genuine buyers often face verification difficulties, prolonged documentation processes, and in
some cases, costly legal disputes. These issues do not only impact individuals; they directly affect
developers, construction timelines, housing supply, and the overall growth of the real estate
industry in Rivers State. Structured land administration models in Lagos State and the Federal
Capital Territory (Abuja) demonstrate how government-led allocation systems can significantly
reduce informal land transactions and improve title security. Clear documentation processes,
verified allocations, and coordinated urban planning have strengthened investor confidence in those
regions. Rivers State possesses the legal authority under the Land Use Act to implement stronger
administrative control. What is required is enhanced enforcement, digitization of land records, and a
transparent allocation framework that allows citizens and investors to obtain land directly through
structured government channels. If not addressed, ongoing land disputes and informal allocation
practices may continue to discourage serious investors and limit the state’s potential as a thriving
real estate hub in the Niger Delta. We respectfully call on relevant authorities to consider reforms
that will promote order, protect property rights, and foster sustainable development. A structured
land allocation system will not only safeguard investors but will also strengthen internally generated
revenue and support long-term economic growth.

Signed,

EHICHIOYA Peter Odion
Chief Executive Officer
Cove Real Estate and Constructions Nigeria Limited

Ehichioya Peter Odion: Land allocation reform – A Position Statement.

Read Entire Article
All trademarks and copyrights on this page are owned by their respective owners Copyright © 2024. Naijasurenews.com - All rights reserved - info@naijasurenews.com -FOR ADVERT -Whatsapp +234 9029467326 -Owned by Gimo Internet Tech.