BY FAVOUR NNABUGWU

ABUJA – State governments are seeking for a  review of the Land Use Act to facilitate easy access to land for Foreign Direct Investment, FDI.

They said this in a statement after the end of a two-day retreat, with the theme: “Creating Jobs, Generating Wealth and Enhancing Economic Growth”, organised by the Ministry of Trade and Investment for the 36 state commissioners in charge of trade and investment in Abuja, weekend.

The statement said: “One of the major problems militating against attracting Foreign Direct Investment in Nigeria is the current provisions of the Land Use Act. There is an urgent need for the Federal Government to review it with a view to making it proactive, investor-friendly and easier for land to be used as collateral.

To achieve this objective, state governments should ensure speedy access to Certificates of Occupancy and Governor’s Consent to complement  efforts of the government in facilitating investment into the country.”