Former Minister of Works and Housing, Mr Babatunde Fashola, spoke at the 2024 Lagos Physical Planning Summit urging the state government to simplify the process for obtaining development and building approvals. Fashola highlighted that the current system, which can take up to two years, discourages investors and hinders economic growth.
He emphasized the need for fair fees for building approvals, focusing on providing services rather than revenue generation. Fashola stressed the importance of using technology to streamline the process and reduce bureaucracy, making it more investor-friendly and efficient.
Lagos State Governor, Mr Babajide Sanwo-Olu, acknowledged the necessity for reform and a more effective approach. He encouraged town planners to adopt best practices to enhance the approval process while maintaining a business-friendly environment.
The unveiling of the Lagos State Physical Planning Permit Smart tag by the governor marked a significant moment in the programme themed “Rethinking Lagos: A New Vision for a Regional and Integrated Megacity.” This event signifies a step towards improving the approval process and creating a more conducive environment for investors in Lagos.