Land Sponsorship
This is a process whereby Traditional Family owners of Land (Omoniles) who do not have the financial resources to map out their territorial boundaries to carve out their own portion of land given to them by their forefathers they seek out people who have the monetary or financial muscle to assist them in sponsoring the cost of surveying or clearing road access and sand filling the whole land that the Traditional Families own and in exchange for that Sponsorship, a certain portion of the lands sponsored will be given to that sponsor to do as he or she pleases. The sponsor plays a big role in promoting the status of community and is very well compensated for all his troubles. It is a very popular way Land buyers own multitude of lands in Lagos and Ogun but it comes with a catch and below are some of the pros and cons of sponsoring if you decide to Venture into it in the nearest future. HOW IT WORKS A Community member or Agent sources out a venture capitalist or...