Land Sponsorship Opportunities Available in Ibeju-Lekki & Epe

Land Sponsorship involves 3 parties- The family, Sponsor/Financier and the Surveyor. The Family or traditional owners of land want their land surveyed but they don't have the funds and are willing to give out some plots of land in exchange for the survey cost. The surveyor finds a sponsor who gives the funds. For every acre of land (6plots) surveyed, the sponsor and surveyor get 1 plot. So if the land surveyed is 100 acres, the sponsor and surveyor get 100 plots which will be shared in a ratio agreed upon by both. This is usually 80:20 or 70:30



Dynamics


1. The family expresses willingness to enter into partnership arrangement with the counterpart or financier by verbal or written form.

2 The counterpart or the financier in liaison with his lawyer accepts to finance the survey of the land and sign a written agreement with the family witnessed and endorsed by his or her lawyer.

3 The financier and surveyors indicates whether the fees will be paid in form of cash or land exchange. mobilization fee is advanced for work to commence.

4. Upon agreement , the family and the financier reaches an agreement on the sharing formula for the surveyed piece of land , usually for every I acre of land surveyed , I plot of the land goes to the financier , that means that if a total of 100 acres of land is surveyed 100 plots of land will be allocated to the financier .

5 Upon surveying and allocation , the various survey plan will be taken to the land division of the state government secretariat where the registration process will commerce

6. The financier will settle the agent with the piece of land or the monetary value or both

Benefits of the sponsorship

1. The financier stands to benefit financially as average cost of acquiring the said piece of land per plot is greatly reduced. Take for example , Neighboring land to the land in question may cost about N1,000,000.00. The cost of surveying say 50 acres of land is N1,500,000.00 and the financier will be allocated 50 plots of land, The total cost expended on the survey of the land is N2,000,000.00 . The delivery cost per plot to the financier is then N2,000,000.00/50plots = N40,000.00 compared to the cost of a neigbour land of N1,000,000.00

2. The land generally appreciates reasonably every year as federal and state government projects are being carried out around the area.

3. The financier has enough piece of land to lease or start up capital intensive projects


In view of the above we have various sponsorship arrangement opportunities available. They are as listed below


Ibeju-Lekki

Epe


Folu Village Ibeju-Lekki


Akodo Ise - Ibeju-Lekki



For More Inquiries Please Call
Citymart on 08039243628 or 09090070773
Email:citymartng@gmail.com