Benefits of vesting land ownership in the Governor include centralized control, which can lead to better land use planning and management. It can also simplify land transactions by providing a clear authority to oversee them. However, drawbacks may include the potential for abuse of power or corruption by state officials in land allocation. Additionally, it may reduce the sense of ownership and land tenure security among individuals and communities, as they do not have absolute ownership rights. Balancing the benefits and drawbacks is crucial to ensuring fair and responsible land governance under the Land Use Act.