Lagos State Generates N8billion From Land Transactions

The Lagos State government on Thursday, May 19, said it generated N8, 114,191, 292.35 as Internally Generated Revenue (IGR) from land transactions between May 2015 and March 2016.

The Permanent Secretary, Lands Bureau, Bode Agoro who spoke at the ongoing ministerial press briefing in Alausa, Ikeja, in commemoration of the first year anniversary of Governor Akinwunmi Ambode in office, said the feat was achieved through ingenuity.

Agoro said the Bureau was able to rake in the revenue through the ingenuity introduced by the present administration which has devised means of blocking leakages in the financial system of the bureau.

He said to actualize the vision and underscore its desire for a truly citizen-centered government, while considering the importance of land as a precious God-given resource, the bureau maximized the potentials of the state land resource and provided easy access to it for economic and social benefits of Lagos residents.

“We are resolved and committed to improve our ways of doing things, but more importantly, we pledge to infuse more transparency, accountability and integrity, individually and collectively, into land administration in the state,” he said.

“We assure the business community and corporate Lagos that the ease of doing business in the state will be improved upon.

“We are proud to inform you that our indefatigable and technology driven governor has approved the development of the Integrated Land Administration and Automation System which provides for a fully integrated end to end land administration platform for sustainable and automated land administration environment among others,” he said.