Efficient Land Titling and Registration as a Source of Government Revenue in Oyo State, Nigeria

Olukotun, S.a () and Adediran, A.
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Olukotun, S.a: Department of Built Environment,, Postal: Lead City University,, Ibadan,, https://www.afarng.org/mjms/
Adediran, A.: Department of Built Environment,, Postal: Lead City University,, Ibadan,, https://www.afarng.org/mjms/

Multidisciplinary Journal of Management Sciences, 2022, vol. 4, issue 1, 1-16

Abstract: The study examined the impacts of land titling and registration on Oyo State internally generated revenue. The study assessed the income profile of Oyo State Government, the land titling and registration revenue impacts on the income accruable to the state government over the period of five years, between 2017 and 2022. Officers of the relevant ministries were sampled for interview. Secondary data were derived from the relevant files, records, magazines, books, journals; publications and the use of Internet. Pearson's Product Moment Correlation, Multiple Regression and Chi-square analyses were used to test the formulated hypotheses, at p≤0.05. Results from the correlation analyses revealed that all the variables (IGR and DR and LT) were positively correlated (0.93 and 0.95, respectively). Findings also showed that the variables LT and DR were jointly having a positive correlation with IGR taken as a whole the two regressors explained about 91% variation in the mean value of IGR and; the F-statistic showed that they are jointly significant as determinants of changes in IGR. The study recommends an improved strategy through the use of Homeowner and C of O Redefined Approach, the use of GIS and LIS in land titling and registration, reduction in the costs of land titling and registration.

Keywords: Land transaction; Derived revenue; Internally generated revenue; Revenue allocation (search for similar items in EconPapers)
Date: 2022
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