It is obvious that the life of man and that of the society revolve around land and its resources. This importance of land to man and the society influenced the state intrusion into property legislation in order to ensure adequate and efficient land management technique for the benefits of the greatest number of the members of the society. Furthermore, the nexus between land and economic prosperity of an individual and a nation informed the constitutional provisions respecting the inviolability of private property rights in various jurisdictions around the world. This work focuses on the credit aspects of land reform and land settlement schemes in Nigeria. The findings, manifestly, show that Land Use Act 1978 (Act) brought enormous reforms to the administration and management of land in Nigeria, including the aspects of land settlement schemes. Which has, remarkably, improved the economic value of land, and prescribed a much more better and equitable ways of alienating interest in land as expressed in the combined effect of Sections 21, 22, 23, 24, 26 and 34(7) of the Act. It also notes that Land settlement schemes are projects with positive impact on land, and not fettered by the provision of the Land Use Act 1978, as previously thought. Even the ones created by Deed or Wills before the Land Use Act as adumbrated in Section 26 of the Act, Therefore, we recommend that Governments at all levels should create land settlement schemes, so as to improve land, the fortunes and living conditions of the citizens, and, by extension, food security through the Farm settlements.