Lagos rakes N20.774 bn from land transactions in one year, gives 4,445 e-C of O

The Special Adviser to Lagos State Governor on Urban Development, Mrs. Yetunde Onabule, has revealed that diversification of the economy has started yielding results in the state, saying  the state has raked in N20.774 billion on land related transactions in the past one year.

This according to him is against the 2015 revenue of N9.2 billion.

Besides, since the inception of the Governor Akinwunmi Ambode-led administration, a total of 4, 445 Electronic Certificate of Occupancy (E-C of O) had been signed by the governor.

Onabule further noted in an interactive session at Alausa that a total sum of N2, 022 billion was paid as compensation to individuals and groups whose lands and property were acquired for overriding public interest.

Beneficiaries of the compensation include, the  Abule Egba Link Bridge, Oko Baba Sawmill, Isale Igangan Regeneration Project, Olorunsogo Market (Shops), Epe Road Expansion and Mosafejo Community/Olorunsogo Ultra-Modern Market.