Nigeria’s housing sector, which growth ought to be a major driver of the nation’s socio-economic development, is losing its potency as a result of unfavourable tax policies, among others. Understandably, this has become a source of grave concern...View details
By Timileyin Omilana 05 August 2020 | 11:37 am Lagos State Government has cancelled the 2018 land use charge and reverted to pre-2018 land use charges.The state commissioner for finance Rabiu Olowo announced this at a press...View details
Stamp Duty: Taxes On Property Transanctions To Increase Over 23.5%, Bad For Economy, Say Real Estate Professionals.
Nigeria’s real estate professionals are distraught by the federal government’s proposed introduction of stamp duty on property transactions. They believe it is bad for the economy and want the National Assembly to stop its...View details
The Lagos State Governor, Babajide Sanwo-Olu, has approved a three-year waiver to property owners that had defaulted in payment of Land Use Charge (LUC) and a 25 percent discount on early payment of the levies. Sanwo-Olu said that the waiver...View details