The Federal Government is expected to earn an initial amount of N25.7 billion and additional N150 million annually from ground rent following the approval of the development of Festac Phase II in Lagos on Wednesday.
The approval by the Federal Executive Council (FEC) is one of the highlights of W
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
BusinessDay
Nigeria's leading finance and market intelligence news report. Also home to expert opinion and commentary on politics, sports, lifestyle, and more
