Effects of Informal Land Right on Land Market Transactions in Nasarawa, Nigeria

Abstract

Land has been said to be the basis of all wealth, but no matter how indispensable land resources is in the process of economic development, it will only achieve little out of its economic potential without adequate and well defined title. This study investigated the the effect of informal land right on land transaction in Nasarawa Town, Nasarawa State. Using 390 respondents as sample size, tables and weighted mean score to analyse result and Analysis of Variance to test the hypothesis. The study revealed that informal land right did have any effect on land market transactions; a considerable number of land owners did not have formal title to their land; and those without formal land right were unwilling to apply for formalisation. It was recommended that government should streamline and simplify the process of title formalization as well engage in awareness campaign concerning the benefit of formal land title.