Lagos State Government has announced a drop in its land revenue for last year, which it put at about N10.6 billion.
This, the government said, is against the N20.7 billion generated in the previous year, with a performance of 148 percent of the bureau budget.
Special Adviser to the Governor on Urban Development, Mrs. Yetunde Onabule, who disclosed this yesterday, at Alausa, Ikeja, during a review of the bureau activities in the last one year, also put the revenue performance for the period at 59 percent.
The bureau is the state’s second highest revenue generating agency.
She linked the drop to the yet-to-be implemented payments and revenue for various land schemes in the state, saying Governor Akinwunmi Ambode had directed revenue should not be collected until facilities on such schemes are put in proper perspective.
Onabule said facilities for the schemes will soon be completed and “we will soon call all allottees to come to pay; and, with that, the revenue will shoot up and we are likely to exceed the target.
“A major revenue we are expecting is from our scheme, however, based on the policy of the government that the infrastructure within that scheme must be completed. We had to slow down, and that would bring a lot of revenue to the government. Right now, the sand filling is ongoing, and I can assure you that once that scheme takes off, we will surpass our revenue target for 2018, including other payments as well.