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For a long time, buying and selling property has been a very profitable investment because the value of land never depreciates and continues to appreciate dependent on the quality of infrastructure in the surrounding area. | Pulse Nigeria
By Yekini Alli
Last week, in a strategic and visionary move, the governments of Lagos and Ogun states signed a Memorandum of Understanding (MoU) on joint development of infrastructure in borderline communities between the states.
At a ceremony in Abeokuta, the Ogun State capital, Governors Babajide Sanwo-Olu and Dapo Abiodun inaugurated the Lagos-Ogun Joint Development Commission (LOJDC). Speaking on the occasion, Sanwo-Olu harped on the megacity status of Lagos and the need for developmental synergy with the neigbouring Ogun.
As he noted: “The Joint MoU is a sustainable development agenda under which Lagos and Ogun States will combine resources to meet our present socio-economic needs and prepare for the future. We have nothing to lose but a lot to gain by synergizing efforts with Ogun State in the areas of Infrastructural development, (the development of boundary town roads, water works, mass transportation); as well as revenue and taxation (including PAYE remittances, and bou