Nigeria: Property Right

The property rights index for Nigeria from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Nigeria as well as the extent of corruption in the judiciary and the enforcement of contracts.

From the indicator, the average value for Nigeria during that period was 35 points with a minimum of 30 points in 2000 and a maximum of 50 points in 1995. The latest value from 2020 is 38 points.

For comparison, the world average in 2020 based on 183 countries is 57 points. To realize a more prosperous nation, Nigeria and other poorly ranked African countries must amend laws in comparison to the Land Use Act. They must also encourage land ownership registration and educate people about land tenure and ownership rights. The result will be quick but lasting

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