Lagos State Government has disclosed plans to digitise all land documents in the state.
It stated the project would allow interested persons in property acquisition or real estate transactions to access information on government portals relating to properties and land in Lagos State from anywhere in the world.
In a statement made available to news men on Friday, the Special Adviser to the Lagos State Governor on Electronic Geographic Information System and Physical Planning, Dr Olajide Babatunde, disclosed this during a panel discussion on Deploying Technology for Transparency and Growth of the Lagos Real Estate Market at just concluded Third Lagos Real Estate Market Place Conference and Exhibitions held in Lagos recently.
He said that transactions in the real estate sector require transparency such that an effective and sustainable platform can be created for local and foreign investors to actively participate in the sector.
The Permanent Secretary, Lands Bureau, Olabode Agoro, said that the registration of individuals and organisations by LASRERA was to ensure that only qualified and certified practitioners were allowed to practice in the state’s real estate sector.
He said, “E-GIS is an advanced database system that distributes information across a network of systems, adding that the digitisation system will capture accurate data for efficiency.”
The moderator of the panel, President and Founder, Nigerian Proptech Association, Dr Roland Igbinoba, noted that GIS is critical for the development and transparency in the real estate sector.