Developer Seeks Enhanced Land Documentation Process

Dr. Ebenezer Akinrinade, Managing Director of GestPoint Nigeria Limited, In his interview with The Guardian,  has called on the federal and state governments to take proactive steps in simplifying the land documentation process as a means of boosting housing construction and promoting homeownership across Nigeria. In a recent interview with journalists in Lagos, Dr. Akinrinade highlighted the current challenges faced by developers and investors in the real estate sector due to the cumbersome and time-consuming nature of land documentation.

“The complexity of obtaining proper land documentation is a significant barrier to investment in the real estate sector,” Dr. Akinrinade remarked. “Streamlining this process is essential if we want to attract more developers and resolve the housing shortfall in Nigeria.”

In addition to advocating for a more efficient documentation process, Dr. Akinrinade urged the government to consider establishing special funds and providing grants to support real estate operators and potential investors. He emphasized that such initiatives would encourage more developers to engage in real estate projects, ultimately leading to more housing options for Nigerians.

GestPoint Nigeria Limited, known for its significant contributions to the housing market in Lagos, Ogun, and Oyo States, is encouraging Nigerians to take advantage of its ongoing housing projects. Dr. Akinrinade also advised developers to prioritize proper documentation of property transactions to ensure transparency and build confidence within the sector.

“Before investing, Nigerians, investors, and developers should verify the status of the land. Understanding the land’s classification—whether it’s designated for residential, commercial, industrial, or agricultural use—can prevent future disputes and align with the government’s plans,” Dr. Akinrinade explained.

Addressing the pervasive issue of land grabbing, Dr. Akinrinade advised potential investors to thoroughly investigate the origins of the land they intend to purchase, ensuring there are no disputes or existing government acquisitions that could jeopardize their investment.

GestPoint Nigeria Limited reassures its clients that its land schemes are landmark developments that are fully secured with perimeter fencing, well-planned layouts, and essential infrastructure such as roads and drainage systems.

In closing, Dr. Akinrinade stressed the importance of transparency in all real estate transactions, particularly for investors from the diaspora looking to invest in the Nigerian property market. “Transparency is the key selling point for real estate investments, especially for those abroad. Ensuring clear, honest dealings is crucial for maintaining investor trust and promoting sustainable growth in the sector.”