The government of Lagos State, one of Nigeria’s largest administrative and financial regions, intends to digitize the cadastre and register of land owners.

The Lagos government, in partnership with a consortium of local tech companies, is set to implement a blockchain registry to improve the state’s land management system. The digitization of the land registry and the register of owners is expected to create a secure and transparent platform for recording and tracking land transactions on the blockchain.

“The implementation of blockchain will solve deep-rooted problems in the current Lagos land registry system, which has long suffered from corruption, inefficiency and lack of transparency. Blockchain will facilitate the growth of the real estate market, as well as attract both local and international investors who were previously wary of fraud,” the Lagos government commented.

Government officials noted that a robust and fully transparent land tenure system could unlock significant economic potential in the region, particularly with regard to unregistered or disputed property.

In May last year, Nigeria’s Federal Executive Council adopted and approved a plan for the digital transformation of the national economy, calling for the widespread adoption of blockchain.