INHIBITORS TO SECURE ACCESS TO PROPERTY RIGHTS REGISTRATION IN AKURE, NIGERIA

Purpose: The objective was to elucidate the factors that inhibit formalization of land right registration with the view to form a panacea for improve and healthy land market development in the study area. There are still constraints with access to secure property rights registration in many states of Nigeria in contrast with the experience in developed economies.

Design/methodology/approach: The paper elicited data form 150 professionals in the built environment within Akure, the capital of Ondo state, using a structured questionnaire. Factor analysis by principal components was adopted in the data analysis.

Findings: The results show that six components accounted for 77.23% of the total variance explained and a total of six factors were extracted which converged in 10 iterations. Time taken in achieving land title registration, bureaucratic procedure involved, inappropriate document to work with, poor knowledge of ICT among officials and poor internet connectivity are introduce the inhibiting factors.

Research limitations/implications: The implications of the result are the need to introduce modern Land Information System (LIS) and Geographic Information System (GIS) into property rights registration process to make data more secured, enhance huge data storage, easy access and retrieval.

Practical implications: It is hoped this study would inform the practitioners and policy makers on the major inhibitors to secure access to property rights registration with the view of addressing them in order to accelerate land market development.

Originality/value: It is an original thought of the researchers that produce a new knowledge by solving existing problems. There are no conflicts of interest or plagiarism.