Despite the contestable economic woes of the nation Nigeria, there is no doubt that Nigeria remains a viable investment destination for foreigners. This is especially so where the naira .
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The control of foreign ownership of landed property in Nigeria
is regulated by the Acquisition of Lands by Alien Laws of
respective States, while the ownership of land generally is
regulated by the Land Use Act of 1978. By virtue of
Section
1 of the Land Use Act 1978, all lands in Nigeria are
vested in the Governor of each state. Section 1 of the Land Use Act
provides that;
Subject to the provisions of this Act, all land comprised
in the territory of each State in the Federation is hereby vested