The Lagos State Government generated about N80bn in 2025 through building approval applications.
The Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, disclosed this on Friday in Lagos during the 2026 Ministerial Briefing in commemoration of the seventh year of Mr Babajide Sanwo-Olu’s administration as Lagos State Governor.
Speaking on the charges for obtaining building approval, Olumide explained that the rate is determined by the size of the development and the particular location.
“For example, somebody developing in Ikorodu may not pay the same thing as somebody developing in Ikoyi. So that is a good example,” he said.
He added that all payments are made through the bank, and the applicant will only present a receipt of payment to the ministry, where the approval will be issued.
“It is after getting that receipt that you come to us and show the receipt. So a copy of the receipt goes into your file here, and we process it. We don’t charge money; we don’t make it available.
“What we know is that at the end of the year, our total revenue will be estimated for revenue and taxation. It will display our performance. So far, we are gaining from our exercise in terms of planning and processing. Last year, I think we got about N80bn or so,” he said.
Olumide pointed out that discrepancies in tax payments can delay the processing of building approvals.
