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Darl Uzu

Darl Uzu

Advisor

Darl Uzu is the Founder, Managing Director, and CEO of Crown Realties Plc. He is a prominent figure in the Nigerian real estate industry and also serves as the lead consultant for Enyimba Economic City. At 70 years of age, Uzu possesses a wealth of knowledge and experience, having previously served as the Head of Development for Knight Frank & Rutley in the 1980s, as well as teaching at Harvard University before establishing Crown Realties Plc.Crown Realties Plc is spearheading the PPP project for Enyimba Economic City, which involves collaboration between the private sector, the Abia State Government, and the Federal Government of Nigeria. This project aims to develop a greenfield city spanning 9,464 hectares that will foster growth in various sectors such as manufacturing, logistics, healthcare, entertainment, education, innovation technology hub, commercial, lifestyle residential, and aviation. The overarching goal is to create a self-sustaining business hub that will integrate Nigerian businesses into regional and global value chains.

 

 

When Good Policy Meets Bad Politics Thumbnail

When Good Policy Meets Bad Politics: Property Rights, Land Amalgamation, and Urbanization in India

Indian cities are facing challenges due to their low-rise structures and sprawling slums that are projected to increase with the growth of urban populations in the future. To cope with this trend and take advantage of agglomeration externalities, India needs to adopt a more upward, pyramid-like approach with increased density. Although strengthening property rights has been suggested as a solution, India’s fragmented land ownership system makes this option difficult.

Previously, the Indian government used eminent domain to acquire and amalgamate land for industrial or infrastructural use, but this led to significant political opposition in the 2000s. As a result, the 2013 Land Acquisition Act was passed, which narrowed the circumstances under which land could be acquired, increased compensation payments, and extended those payments to non-owners who relied on the land for their livelihoods. While this approach has ensured political acquiescence among rural and slum dwellers, it has created a problem for private businesses that require land for property or industrial development, causing a significant time and cost burden.

This political reality, while necessary for a democratic India, may not be conducive to good economics and may lead to dysfunctional urbanization.

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CCI September Book Club

September Book Club Review

Each month, the CCI team selects a new book to read and discuss together. Our book club selections cover a wide range of topics that are relevant to charter cities, but they are most often related to development, urban issues, and governance. In this ongoing series, reviewers will offer summaries of the books we’ve read and share some of the highlights from our discussions.

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