THE Lagos State Government generated N27 billion from land transactions in the state last year, even as 2, 230 Electronic Certificate of Occupancy, C of Os were processed.
Also, the state generated N181 million from survey transactions between January and March 2015.
Permanent Secretary, Lagos State Lands Bureau, Mr. Hakeem Muri-Okunola and the Surveyor-General/Permanent Secretary, office of the Surveyor General, Mr. Joseph Agbenla, disclosed this yesterday at the 2015 ministerial press briefing in Alausa, Ikeja.
Muri-Okunola said the revenue performance for 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 31st, 2014 was N27,054,031,674. This exceeded what the state generated in the previous year (2013) by about N18.65 billion. In 2013, it was N8.3 billion.”
Explaining the reason for the unusual upsurge, the Permanent Secretary said, “This was due to transaction on the sale of land for industrial development in the Free Trade Zone, FTZ.”
He however, lamented that the “Revenue from the new scheme being expected during the period under review as well as the property recertification project could not be realized and thereby making it difficult for us to generate revenue from these sources.”
Muri-Okunola assured residents that, “The revenue of the bureau will continue to be improved upon the moment the new schemes, property certificate and transaction on state land are brought on board.”
Paid N2.8bn as compensation for acquired lands
He added that “In the year under review, N2, 864, 500, 377 was paid as compensation to owners of land acquired while an alternative land in lieu of monetary compensation was given to an individual whose land was acquired for public interest.”
Muri-Okunola explained, “Funds were paid to residents after the government acquired their land for public interest.”
The breakdown showed that; N30 million was paid as compensation to owners of land acquired for the forensic laboratory; N334.4 million paid to owners of nine properties affected by the expansion of the Lagos-Badagry Expressway; N1.4 billion for Lagos Airport project in Epe among others.
Hotels in Lagos lost over N8 Bn to Ebola: LASG
To prosecute 163 offenders for piracy
Also the State Government, yesterday, said that hotels in the state recorded loss of over N8 billion within the months of the Ebola Virus Disease, EVD, outbreak in 2014.
Meantime, the government said 162 persons were arrested for piracy and distribution of uncensored films within the state, saying “98 of them were prosecuted and sentenced to varying terms of imprisonment.”
Commissioner for Tourism and Inter-governmental relations, Mr. Disun Holloway and the Executive Secretary of the Lagos State Films and Video Censors Board, Mr. Dele Balogun disclosed this at the 2015 ministerial press briefing in Alausa, Ikeja.
“But the state government through the Lagos State Films and Video Censors Board acted within its limit, assisted practitioners indirectly in the process of enforcing against illegal and uncensored films.”
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