Lagos Generates N27b from Land Transactions

Lagos State government, on Wednesday, said it generated at least N27 billion from land transactions in 2014, and processed 2,230 Electronic Certificate of Occupancy (E-C of O). Meanwhile, the state generated N181 million from survey transactions between January and March 2015.
Permanent Secretary, Lands Bureau, Mr. Hakeem Muri-Okunola, and the state Surveyor- General/Permanent Secretary, office of the Surveyor General, Mr. Joseph Agbenla, disclosed this at the 2015 Ministerial press briefing, held at the Alausa Secretariat, Ikeja. Muri-Okunola said that the revenue performance for Year 2014 exceeded the Bureau’s target for the period by 165 percent. According to him: “The total revenue generated by the bureau as at December 31, 2014 was N27,054,031,674. This performance exceeded what the state generated in the previous year (2013) by about N18.65 billion. In 2013, it was N8.3 billion.”