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N8 billion compensation to land owners

Lagos pays N8 billion compensation to land owners

According to The Nation, the Lagos State government has paid N8 billion compensation to land owners ; individuals and groups whose property had been affected by capital projects in the last one year.

The Special Adviser to Governor Akinwunmi Ambode on Urban Development, Mrs. Yetunde Onabule, broke the news at a seminar on: Urban Thinkers’ Campus: The City We Need.

The governor’s aide said the government would not evict people without considering their welfare.

She added that compensation was paid promptly by the government on any land it acquired for public interest with the presentation of necessary documents.

According to her, the beneficiaries include those affected by the Abule-Egba link bridge, Oko Baba Sawmill relocation, Isale Igangan regeneration project, Olorunsogo Market, Mosafejo community and the Epe Phase I road expansion.

Mrs Onabule said the government would consistently advocate for land titles while the residents should obtain the governor’s consent on subsequent transactions, regularise and register their titles.

She said: “You do not want to own a dead capital. The uncertainty of ownership decreases the value of the asset and/or the ability to lend or borrow against it.”

Stressing the need to have liveable city, Governor Akinwunmi Ambode, who was represented by the Secretary to the State Government (SSG), Mr. Tunji Bello, said the government was delighted to have be chosen as one of the 74 Urban Thinkers Campuses worldwide.

Source: The Nation

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