Lagos earns N80bn from building approvals
The Lagos State Government has generated significant revenue from building approval applications. Dr Oluyinka Olumide, Commissioner for Physical Planning and Urban Development, shared details about the process and requirements for obtaining approvals. He highlighted how payment rates vary by location and stressed the importance of accurate tax disclosures. Mr Babajide Sanwo-Olu’s administration has focused on ensuring compliance and safety in building practices.
TLDR
- Dr Oluyinka Olumide stated that Lagos generated about N80bn in 2025 from building approval applications.
- Approval charges depend on the size and location of the development, with areas like Ikorodu and Ikoyi having different rates.
- All payments must be made through the bank, and receipts are required for processing approvals.
- Discrepancies in tax payments can delay or prevent approval, especially if the declared tax does not match the value of the proposed development.
- Immediate demolition is enforced for buildings constructed under power or gas lines, or for those deemed distressed or built outside approved plans.
