COMPUTERIZED LAND INFORMATION SYSTEM
CHAPTER ONE
1.0Â Â Â Â INTRODUCTION
1.1Â Â Â Â BACKGROUND OF THE STUDY
Land use, land valuation, is among the oldest questions in economic theory, (Shavell, 2004). Land is an essential input (factor of production) for agriculture, and agriculture is by far the most important economic activity in preindustrial societies. With the advent of industrialization, important new uses for land emerge, as sites for factories, warehouses, offices, and urban agglomerations. Also, the value of real property taking the form of man-made structures and machinery increases relative to the value of land alone. The concept of real property eventually comes to encompass effectively all forms of tangible fixed capital. With the rise of extractive industries, real property comes to encompass natural capital. With the rise of tourism and leisure, real property comes to include scenic and other amenity values.
Starting in the 1960s, as part of the emerging field of law and economics, economists and legal scholars began to study the property rights enjoyed by tenants under the various estates, and the economic benefits and costs of the various estates, (Epstein,2007). This resulted in a much improved understanding of the property rights enjoyed by tenants under the various estates. These include the right to:
- Decide how a piece of real property is used;
- Exclude others from enjoying the property;
- Transfer (alienate) some or all of these rights to others on mutually agreeable terms;
- Nature and consequences of transaction costs when changing and transferring estates.
1 STATEMENT OF THE PROBLEM- Keeping record of lands and their owners has been a great task to government and the governed.
- Access land information proves difficult that most times people are defrauded due to lack of land information.
- Illegal sales of lands without the consent of the owner are very common.
- Certificate of occupancy is usually a problem. Litigation which results to death and destruction
- Valuation of land for the purpose of paying tax to government is not achieved. Hence the need for computerization of land information system.
