Framework Targets Investor Confidence, Revenue Growth, Reliable Land Data.
The Lagos state government says it will continue stakeholders engagement on its newly reviewed fair market value, known as the Blue Book, for an effective, inclusive and practical land administration framework in the state.
Permanent Secretary Lands Bureau, Kamar Olowosago, who said this at a stakeholder engagement meeting on the reviewed fair market value (blue book) 2026 held at Adeyemi Bero Hall, Alausa, Ikeja, stated that the expected outcomes include to boost real estate development, build a more accurate land database, Improve Lagos’ Ease of Doing Business ranking and global competitiveness, and increase internally generated revenue.
According to the Permanent Secretary, “this review is not about increasing the burden, it is about improving accuracy, strengthening transparency, and aligning our system with reality, building a land administration framework that supports growth, encourages investment, and positions Lagos State for the future.”
Earlier, a Director in Lands Bureau, Olawale Ojikutu, also said the state government through the Lagos Land bureau had continued to plan with the people on the newly reviewed Blue book to make it transparent and acceptable.
Speaking the Head of Service, Bode Agoro, said the Lagos State Government had been embarking on various initiatives on the Land administration system hence the need for the blue book which reflects realistic market values and land valuation processes as well as other advantages.
Agoro who was represented by the Permanent Secretary of the Lagos State Ministry of Waterfront Infrastructure Development, Wasiu Olayinka, said the state government was committed to periodic review of the blue book, training of personnel, as it is a cornerstone of good governance on land administration to build a state that is equitable, efficient and liveable.
