The Lagos State Lands Bureau said it has generated the sum of N20.7 billion from the sales of land and other land services in the last one year.
Special Adviser to Governor Akinwunwuni Ambode on Urban Development, Yetunde Onabule, stated this on Friday at a ministerial press conference in Lagos.
Onabule said the N20.7 billion revenue performance considerably surpassed the total revenue of the previous year by N11.454 billion.
She said this was due to a transaction on the sales of land for industrial development in the State, adding that the revenue performance for the year under consideration exceeded the Bureau’s budget for the period by 45%.
Onabule said it is worthy to state that when Land is acquired and title revoked for over-riding public interest, it is our duty and obligation, as a responsible and responsive Government, to pay compensation.
On compensation, the special adviser said payment of such must be with the presentation of all necessary documents as might be required, evidencing ownership of the land, saying that government had not relented in its efforts to pay compensation.
Onabule disclosed that so far, a total sum of N 2.022 billion was being paid as compensation to individuals/groups within the period under review.
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