Factors Influencing Foreign Land Acquisition and Sustainable Development in Nigeria

Abstract

Of the major factors of production, land is considered the most important. Land is such a valuable resources that the desire to acquire it has been a cause of struggle among the people virtually in all hitherto existing human societies. Land acquisition is influenced by numerous factors in which all play relevant roles in understanding the dynamics of land and its utilization among the people in the society. In Africa, foreign land acquisition has become a topical issue because of the richness of the African land resources, and the scamper for these resources has been a source of concern for many observers. This chapter analyzes the factors inhibiting foreign land acquisition in a developing country like Nigeria and examines the challenges posed by such practices to the attainment of sustainable development.