Large-scale land acquisitions - Nigeria’s Lekki Free Trade Zone |
| ||
Citation: Alirat Olayinka Agboola, Associate Professor Abdul-Rasheed Amidu (2023) Large-scale land acquisitions - Nigeria's Lekki Free Trade Zone.
London: Property Research Trust. DOI: https://doi.org/10.52915/DRXO6832 Keywords: Real Estate, Nigeria, large-scale, land, acquisitions, Lekki Free Trade Zone, investments, economic growth, development. |
Summary:
E Large-scale land investments, often attended by large-scale land acquisitions, have the potential to create opportunities for economic growth and development due to their capacity to generate infrastructure and employment, increase government revenue and improve landholder’s access to financial services and technologies thereby enhancing their livelihoods. They have therefore become a significant factor that brings about considerable changes to land use on a global scale. However, a number of concerns have been raised about the weak institutional environments or land governance systems which characterise most of these host countries. These concerns relate to transparency, accountability and social inclusiveness. The aim of this study is to examine how institutions impact large-scale land acquisition in peri-urban cities and how these institutions may be strengthened for transparency and accountability, by using the Lekki Free Trade Zone project in Lagos Nigeria as a case study. |
Authors
Alirat Olayinka Agboola is a Senior Lecturer in the Department of Estate Management at Obafemi Awolowo University, Ile-Ife Nigeria where she teaches at both undergraduate and postgraduate levels. Her research interests have been motivated by the need for an understanding of the diversity in the institutional environments of international property markets, and their implications for market outcomes and behaviours. She has published in Land Use Policy, Journal of Property Research, Journal of Property Investment and Finance, Property Management and, International Journal of Strategic Property Management. She obtained her PhD in Property from the University of Aberdeen, UK which was fully funded by the Commonwealth Scholarship Commission.
Abdul-Rasheed Amidu is an Associate Professor at the University of Auckland Business School, New Zealand, on a full-time permanent contract. His research interests are in behavioural real estate analysis and property valuation decision-making. He has published in Land Use Policy, Journal of Property Research, Journal of Property Investment and Finance and Journal of Real Estate Practice and Education. He co-authored two book chapters; one on valuation published in ARES Research Monograph Series on Indigenous Peoples and Real Estate Valuation. Abdul-
Rasheed has previously led a research project funded by RICS Education Trust (Award Number 224). He is a professional member of the RICS (MRICS).
Abdul-Rasheed Amidu is an Associate Professor at the University of Auckland Business School, New Zealand, on a full-time permanent contract. His research interests are in behavioural real estate analysis and property valuation decision-making. He has published in Land Use Policy, Journal of Property Research, Journal of Property Investment and Finance and Journal of Real Estate Practice and Education. He co-authored two book chapters; one on valuation published in ARES Research Monograph Series on Indigenous Peoples and Real Estate Valuation. Abdul-
Rasheed has previously led a research project funded by RICS Education Trust (Award Number 224). He is a professional member of the RICS (MRICS).