LAGOS EARNS N10, 275 BILLION FROM LANDS IN 2012


Permanent Secretary, Lands Bureau, Lagos State, Mr. Hakeem Muri-Okunola

Permanent Secretary, Lands Bureau, Lagos State, Mr. Hakeem Muri-Okunola

Not less than N10, 275 billion was earned from sales of land in the year 2012 by the Lagos State Government. Permanent Secretary, Lands Bureau, Mr.  Hakeem Muri-Okunola made the observation while speaking at press conference in Lagos.

He said the amount represents 6.6 percent reduction when compared to N11 billion earned in 2011 from the sales of land in the state, attributing the shortfall to the global economic meltdown.The Permanent Secretary said a total sum of N2, 567, 498, 500 was paid out as compensation to owners of properties acquired by the state government.

“This encompasses  payments to those affected by projects  related acquisitions such as  the on-going Lagos-Badagry expressway construction and expansion; the Ago-Palace Way,  Okota expansion, individual property owners in various area of Lagos State; the Lekki-Epe expressway expansion to name a few”, he said.

He explained that compensation has also been paid in form of land allocation in lieu of money based on request to those interested adding that this year compensation of at least N5 billion will be paid to those affected by the Ikorodu road expansion, Lekki-Epe Airport project, resettlement project for the Free Trade Zone, parcel A and B Lagos- Orile Badagry construction (lot2) and the Itire-Okota Link Bridge and associated roads.

He said that as part of efforts to address the challenges and cost of medical pilgrimage, the Lagos State Government has initiated the concept of Lagos Medical Village (LMV) to provide a non-stop healthcare service in five divisions of the state.

“It consists of a localised area reserved for medical practitioners. It is an attempt to bring all kinds of specialised Medicare within a specific area subdivided into sites and service plots”, he said adding that the state government has designed the scheme for Lekki Peninsula Scheme I and II.

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