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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

Sanwo-Olu pays N3.1bn compensation to 300 Lagos property owners

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Lagos State Governor Babajide Sanwo-Olu presented over N3.1 billion in compensation to 300 property owners affected by land acquisition.
  • The compensation is for government projects aimed at improving infrastructure and residents' quality of life.
  • Sanwo-Olu emphasized fairness and transparency, urging beneficiaries to invest the funds prudently.

Lagos State Governor Babajide Sanwo-Olu on Monday disbursed over N3.1 billion in compensation to more than 300 property owners. These individuals were affected by government land acquisitions for strategic infrastructure projects across the state.

Todayโ€™s exercise is not charity; it is justice. It is not a favour; it is the rightful entitlement of every verified project-affected person whose property was acquired for public purpose.

โ€” Babajide Sanwo-OluGovernor Sanwo-Olu explaining the nature of the compensation.

At the presentation ceremony in Lagos, Governor Sanwo-Olu stated that the compensation demonstrates his administration's commitment to fairness, transparency, and protecting citizens' rights, in accordance with the Land Use Act. He stressed that land acquisition for overriding public interest creates a legal and moral obligation for the government to compensate affected persons fairly, transparently, and promptly.

"Today's exercise is not charity; it is justice. It is not a favour; it is the rightful entitlement of every verified project-affected person whose property was acquired for public purpose," Sanwo-Olu declared. He assured that all claims underwent due process, including enumeration, professional valuation, and title verification, to ensure legitimate beneficiaries received compensation.

Behind every parcel of land is a family, a livelihood and a story. Development must always have a human face, and that is the principle guiding this administration.

โ€” Babajide Sanwo-OluGovernor Sanwo-Olu emphasizing the human aspect of development.

The governor acknowledged the sacrifices of the property owners, assuring them of the government's commitment to compassion and dignity. He advised beneficiaries to invest the compensation wisely for their families' future and not on non-essential items. Deputy Governor Dr. Obafemi Hamzat commended the residents for their patience, reaffirming the government's dedication to compassionate governance.

Infrastructure may benefit millions, but the government must never ignore those who bear the immediate impact. We acknowledge your sacrifice and appreciate your partnership in building a greater Lagos.

โ€” Babajide Sanwo-OluGovernor Sanwo-Olu acknowledging the sacrifices of property owners.
DistantNews Editorial

Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.