Property Title, Formal Credit Access and Business Expansion

  • Emmanuel O. Okon Department of Economics, Kogi State University, Anyigba, Kogi State, Nigeria
Keywords: Land Title Document, Credit Access, Business Growth, Nasarawa State, Nigeria


The cardinal objective of this study is to examine the impact of Land Title Document on credit access and business growth.  A case study was applied on Nasarawa state, Nigeria to better understand the phenomenon been researched. Information was gathered from the field through face-to-face interviews and through the administering of questionnaire among business operators in some selected towns. The research revealed that a large proportion of respondents do not have Land Title Document to their business premises and that they have never made a request for it from government agency before. 60.00% of respondents’ responded that the duration of the processing of the document takes months/years.  44.52% of respondents reported that never have banks made request for  the document before granting loan facilities while  30.24%  of respondents’ indicated ‘yes, often’. From the responses, 40.47% of respondents were of the view that possession of ‘C of O’ document will not enhance their capital based and business expansion. The views of the respondents suggest that delay is a major problem in the processing of Land Title Document. Among the reasons cited for the delays are problems with documentation and legal issues. A reasonable percentage of respondents (31.43%) were of the view that the cost of obtaining ‘C of C’ is high and difficult in the State. A suggested solution is that the government agency handling this document should be reorganize and the steps required to obtain this document should be reduced and made uniform within the State.


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How to Cite
Okon, E. O. (2018). Property Title, Formal Credit Access and Business Expansion. International Journal of Marketing Research Innovation, 2(1), 1-15.