• Effect Of Land Use Act On Property Development In Nigeria

  • CHAPTER ONE -- [Total Page(s) 3]

    Page 2 of 3

    Previous   1 2 3    Next
    • 1.5 SIGNIFICANCE OF THE STUDY
      The study of the Land Use Act No. 6, 1978 with eight (8) parts and fifty one (51) sections is the most significant land policy currently in force in Nigeria. The study will be of benefit to the government of its planning control and property acquisition procedures.
      Most intending property development are scared by the compensation technique if a property is revoked by the governor for overriding public interest, hence, this study will assist the developers for prudent appraisals.
      State surveyors and values coded apply the result of this research. Work in their future valuation for compulsory acquisition and in their advisory role to the public. Students and lecturers in Estate management Professional will not find this work insignificant as it explained areas of controversy in this act.With this input in Estate Management Professional, property developers will increase geometrically as recommendations preferred in this work will improve the compensation receivable by.
      1.6 SCOPE AND LIMITATIONS OF THE STUDY
      This work unraveled the roles of Land Use Act in property development in Enugu Urban. Four zones of Okpara Avenue, New Haven, Achara Layout and Ogui layout are sampled due the large land mass.
      These four zones are where property developments are more pronounced. Although lands within Enugu Urban are revoked by the public bodies for overriding public interest without putting it for what it was revoked for. The scope of the study therefore uses the four zones to represent other areas in Enugu urban where property developments take place.
      Such rights of communal land owner and property owners were usurped by the government thereby reducing their rights of occupancy to 99 years lease instead of allodia or absolute ownership.
      This research work was highly tideous, though extremely educative. The researcher therefore, encountered constraints during the course of this project especially finance, which made him redistrict the study to certain areas.
      Again time factor limited this study as I shared time among the project and other academic work. More so, the commitments of the researcher to the welfare of Estate Management Association (EMA) IMT as the president slightly delayed this work.
      The provisions of the Land Use Act are too extensive to be compressed into few pages. For the purpose of this study, only the arrangements of sections and the provisions pertaining to valuation and its effects are covered.
      Although the scope of this work was limited by time and finance, the researcher was able to carry out the work to completion.

  • CHAPTER ONE -- [Total Page(s) 3]

    Page 2 of 3

    Previous   1 2 3    Next