Lagos Embraces Technology as the New Face of Real Estate
Lagos State’s Lands Bureau has commenced an Integrated Land Administration and Automation System (ILAAS) in a bid to promote and boost land administration in the State. The system is meant to benefit proposed land seekers, investors, and corporate bodies operating in the State. The system is devoid of any form of hindrances that could slow down and make land transactions in Lagos difficult.
The Permanent Secretary of the State’s Lands Bureau, Mr. Bode Agoro made this known by asserting that the State Governor,Mr. Akinwunmi Ambode has approved the development of the new system and the contract for the ILAAS has been awarded to a competent company. He disclosed that this new system should be ready for use in the next 18months and that the ILAAS is the kind of technology that can conduct a rapid inventory of land rights, automate and manage land records, create and maintain integrated geographic data accurately and fairly value any property.
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Speaking on the advantage of the new system to the Bureau and the general public, he said the new innovation would reduce the time usually spent in obtaining a Certificate of Occupancy (C of O) to a maximum of 14 days. It would optimize revenue collected from land transactions and multiply land transactions and revenue by six times the current level. It would also reduce the cost of land transactions while increasing incentives for private sector investment. To ensure the speedy issuance of C of O, the State has fully embraced the E-survey project, a digital electronic format in the production of survey plans. He added that 1,043 e-survey plans were produced within a very short time frame. These survey plans, he asserted have been used for the production of the e-C of 0.
The credibility of the state land titles would be enhanced, leading to land title guarantee when this innovation is deployed, he added. “This will also open up a secondary mortgage market in Nigeria. There will be a rebirth of land title insurance where insurance firms would be able to insure land title issued by the government, thus giving the buyer complete peace of mind”, Agoro noted.
In preparation for its deployment, the Permanent Secretary said the Bureau is currently creating quality control units to vet and scrutinize land registrations, adding that all former documents would be scanned and converted to electronic modes. He also stated that some of the staff of the Bureau have been engaged in training and reorientation on the importance of punctuality, discipline, and customers care.
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“The new motto of the Bureau is professionalism, discipline, and integrity. We have zero tolerance for corruption. For seamless land transactions in the state, ILAAS would provide a fully integrated end-to-end land administration platform for a sustainable and automated land administration environment, effectively reducing silos of information that exist across departments and agencies. The new system will eliminate problems associated with redundant data, increase accuracy by reducing manual entry errors, thereby streamlining the entire workflow process of the Bureau”.
The deployment of the new technology would result in improved service delivery to policy and decision makers, businesses and private citizens and more timely access to information “thus enhancing transparency while at the same time, increasing public confidence. This intervention is designed to manage information and automate business activities related to property rights registration, transacting and contracting real property and digital preservation of land-related documents”, the Permanent Secretary said.
Source: The Vanguard