Lagos State Revises Fair Market Value for Property Transactions
The Lagos State Government, through the Lagos State Lands Bureau, has approved and gazetted a revised Fair Market Value (FMV) framework for real properties in Lagos State (otherwise known as the Blue Book). The revised Blue Book, which replaces the 2021 edition, was unveiled at the recent Stakeholders’ engagement on Fair Market Value and took effect on May 1, 2026.
