The Lagos State Land Bureau in their yearly review said the Bureau made over N10billion naira for registration on land titles alone in the year under review. This amount they said amounts to 56% of the revenue budget of the Bureau, and second largest in revenue generation for the state.
At a press briefing earlier today, to commemorate the 3rd year in Office of the All Progressive Congress under Governor Akinwunmi Ambode at the Bagauda Kaltho Press Center, Alausa, Ikeja said the Bureau made gross earnings in the sum of N10, 579, 447, 528.68 during the year under review.
The revenue performance for the year under consideration is put at 59% of the Bureau’s budget for the period.
The Bureau also hinted that the revenue is also expected to definitely improve at the kickoff of the New Schemes, subsequent transactions on State Land, payment by defaulters of Capital Development Levy and the recent redesigning and upgrading of the Land Registry.
This means that figure is likely to increase in the coming years as the state re strategies.
On the number of the certificate of Occupancy that has been issued by the Governor, the Bureau said, since the coming of Governor Ambode,
obtaining title documents is now with ease in Lagos, as the Governor has signed a total of 727 Electronic Certificate of Occupancy (E-C of O) within the period under review.
The Bureau also when further in their review to state that through the Directorate of Land Services discovered that about 751 Governor’s Consent on Subsequent Transaction on land applications was pending due to the fact that applicants were yet to make payments on the Demand Notices issued to them.
Within the period under review, receipt of applications on the subsequent transaction on land has been quite impressive which shows that Lagosians are more aware of the essence of titling their landed properties.
To date, all files have been preliminarily sorted to differentiate State Leases from Private Properties and Registered Titles from Unregistered Titles ready for digitization.
All Root of Title files in LASG Schemes had been chronologically sorted into Blocks/Plots in relation with the 57 Local Government/CDAs of the State, for ease of reference, archival purposes amongst other things.
The statement concluded.