Owning a Property in Lagos

Many people consider buying a property in Lagos “chaotic” because they believe the process comes with lots of rigors, rightly so because the process entails the rudiment of confirming the title of the seller and what kind of title would be transferred to them (as purchaser), drawing up contract of sale and title documents, plus…

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Property Rights, Development and Protection

Armen Alchian, Ronald Coase, and Harold Demsetz founded the modern property rights school of economics. They sought not only to outline the importance of private property rights to the effective functioning of an economy but also to identify the circumstances that lead to the assignment and formation of property rights. According to Alchian, a system…

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