society
LAND USE CHARGE: WE’RE READY FOR DIALOGUE- AMBODE
…Says Only 700,000 Out Of 8million Taxable Adults Paid Taxes In 2017
…As Dangote, Ovia, Elumelu Urge Lagosians To Voluntarily Pay Taxes
Lagos State Governor, Mr. Akinwunmi Ambode on Tuesday said his administration is not oblivious of the hue and cry generated by the revised Land Use Charge Law, saying that the government is ready to dialogue to resolve the issues going forward.
Governor Ambode, who spoke during a well attended forum with the Organised Private Sector tagged “Lagos Means Business”, said the review of the law was not a deliberate attempt by the government to overburden property owners but a decision taken in the overriding interest of the future of Lagos.
The forum had in attendance major players in the business circle including former governor of Cross River State, Mr. Donald Duke; founder, First City Monument Bank Group, Otunba Subomi Balogun; Chairman, Premier Lotto Limited, Chief Kessington Adebutu; Chairman, Eleganza Group of Companies, Alhaji Rasak Okoya; Chairman of Zenith Bank, Mr. Jim Ovia; founder United Bank for Africa (UBA), Mr. Tony Elumelu; Chairman Honeywell Group, Dr. Oba Otudeko; former Minister of Industry, Chief Nike Akande, Chairman, Channels Television, Mr. John Momoh, members of the diplomatic corps, top business owners, among others.
He said the Law, enacted in 2001 provides for an upward review every five years, but that the State Government had not carried out any review of the Law up until 2017, adding that the recent review was in line with the present economic realities.
He said, “The law was made in 2001. It provides that every five years, we should review it and also find a way to increase. 15 years after in 2017, the law has never been reviewed. Now, the question is this; those who are having commercial properties, the rental income they were getting in 2002 as against the rental income they are getting in 2017, is it the same? The level of infrastructure that existed in 2002 as against what has happened in the last 15 years, are they the same? Did it not come at a cost? So, why is the market value of the property that you built with one million naira, 15 years after, you are selling at N20million. Why do you think somebody who is a buyer will pay N20million for it? Is it not because of the facilities around the property? So, we have to sacrifice; that is how it works everywhere.
“So, somebody comes and say we have increased by 400 per cent. The question is the 400 per cent of what? You were paying N10, 000 before, now we say you should pay N50, 000 and you are calculating and turning statistics upside down by saying it is 400 per cent.
Explaining further, the Governor said that while the revised Land Use Charge law requires owner-occupiers to pay just 0.076 per cent, pensioners, churches, mosques, non-governmental organisations and government institutions are exempted from payment.
“So, who is the one that will take care of the ones that are free? If you are owner-occupier you don’t need to pay. So, it’s the commercial part that people are complaining about.
“Why have we increased the rate? We should have been doing this every five years but I am looking at it if I must sustain the level of my vision, I have to give something back to people. I don’t have to come and meet you if I continue to borrow money, but we are borrowing to punish you ultimately which is not what we want because it is even the taxes you pay that would pay the interest and the principal. Somebody needs to tell us the bitter truth for us to sacrifice together and that is what we have done,” Governor Ambode said.
Reeling out statistics to explain the challenges that would confront the State in the nearest future, the Governor said Lagos is projected to become the third largest consumer market in the world with a population of 35.8million, closely behind Tokyo and Delhi, while the population growth and rapid urbanization would put infrastructure and public services under pressure.
He said the State requires a minimum of $50billion over the next five years to bridge the gap of infrastructural deficit, adding however, that a special infrastructure fund that would be driven by the private sector to address social challenges is the way to go.
“Assuming the entire budget for 2018 is spent only on infrastructure development, Lagos will be left with a deficit of about N14.47trillion and also require an additional 19 years of similar expenditure to bridge the infrastructure deficit,” Governor Ambode said.
The Governor, also expressed concerns that out of the eight million taxable adults in the State, only about two million submitted their tax returns while only 700,000 actually paid their taxes last year.
“We are 24million; taxable adults in Lagos is 8million. The number of people that actually submitted tax returns in 2017 is 2million and then only 700, 000 people paid their taxes,” he said.
He said the current tax returns were not enough to cater for the capital projects ongoing across the State, adding that major cities across the world with thriving economies are sustained by the taxes paid by residents.
Thanking the business community for their support over the years, Governor Ambode said his administration was committed to creating an enabling environment for businesses to thrive, adding that concerted efforts have been made to encourage investors to set up their businesses in the State, which according to him would have multiplying effects on the State’s economy.
“I invite you to come and own the economy. Whatever you say here would be taken seriously because this gathering is not just about knowledge sharing; it’s more about the future of Nigeria and not just Lagos,” the Governor said.
In his brief remarks, President of Dangote Group, Alhaji Aliko Dangote commended the Governor for deeming it fit to organise a forum to meet the business community in Lagos, adding that his (Governor) passion to make Lagos thrive was not in doubt.
He also said the economic drive by the State Government was one that required all and sundry to rally round the government and perform their civic responsibility of paying their taxes as and at when due.
“I am more convinced now and I think people should really be voluntarily paying taxes in Lagos. I think for people who are doing business here, Lagos is the most-friendliest States in Nigeria. If you really want to know, try other states and you will see hell.
“I am not advertising for Lagos but there is not a single time you go with a problem and the Governor will ask you to go and come back tomorrow because in most cases, he will call everybody and say let us sit down and sort out the issues. So, your Excellency, we congratulate you and assure that we will continue to support you,” Dangote said.
Also speaking, Ovia and Elumelu lauded the Governor for the massive infrastructural renewal projects across the State especially in the area of security.
Ovia, said that business owners now feel safe to invest in the State owing to the investment in security, just as he commended the Governor for sustaining the Lagos State Security Trust Fund (LSSTF), a public private partnership designed to enhance security in the State.
“Your Excellency, you have spoken today like a Chairman/CEO of a company to his shareholders. We are definitely one of your shareholders and we would renew your mandate in 2019 there’s no doubt,” Ovia said.
The duo promised to increase their donation to the fund, while also calling on others to contribute their quota to the enhancement of the State’s security architecture.
UNITED KINGDOM OF ATLANTIS ANNOUNCES HISTORIC SUCCESS:
Premiere of ATC Digital Currency Exchange System Test, Highlighting “Gold Standard” for Humanitarian Purposes*
The Attica Empire, under the distinguished leadership of Empress Nobilisa Prof Sriwan kingjun, Empress of Attica Empire, successfully conducted a groundbreaking premiere test of its ATC (Attica Coin) digital currency exchange system. The event brought together high-ranking leaders and representatives from various nations to witness a spectacular celebration of financial innovation.
### Key Highlights of the ATC Digital Currency Exchange System Test
– The test demonstrated the efficiency and robustness of the ATC digital financial infrastructure, marking a significant milestone for Atlantis United Kingdom.
– Participants who completed the Know Your Customer (KYC) process in accordance with international standards were able to fully exchange ATC coins, thereby strengthening global confidence among currency holders.
– The ATC digital currency is positioned as the world’s first digital asset anchored to the *“Gold Standard”*, with its value guaranteed and validated through gold under certification by the International Court of Justice.
– The primary mission of the ATC currency is to fund humanitarian projects and drive macro-level social development, aligning with the empire’s vision of sustainable global impact.
### Event Atmosphere & Leadership Vision
The premiere was attended by thousands of guests who celebrated in an atmosphere of friendship, featuring:
– A concert performed by leading musical bands.
– A lavish reception of food and drink showcasing the empire’s prosperity and readiness.
– *Emperor Solomon Winning*, ruler of the United Kingdom of Atlantis and a thought leader in future-oriented projects, was celebrated as the transformative force reshaping traditional finance into a future-oriented model.
– Emperor Winning emphasized that the ATC system inaugurates a new, sustainable, and humanitarian economic framework.
*Quotes from Leadership*
_”The ATC digital currency is not just a financial innovation; it is a beacon of hope for global humanitarian efforts. We are committed to leveraging this technology to uplift communities and foster sustainable development.”_
— *Empress Nobilisa Sriwan Kingjun*
_”With the ATC Gold Standard, we are setting a new paradigm in digital finance—one that prioritizes transparency, accountability, and the greater good.”_
— *Emperor Solomon Winning*
Attica Empire is the pioneering force behind the digital economy of the United Kingdom of Atlantis. It focuses on developing secure, asset-backed FinTech solutions to support global usage and worldwide humanitarian efforts.
The ATC Digitalcurrency (Attica Coin) is a gold-backed digital asset designed to:
1. Provide a transparent and efficient medium of exchange.
2. Fund humanitarian initiatives and social development programs.
3. Set a new benchmark for asset-backed cryptocurrencies worldwide.
The Attica Empire remains committed to advancing innovative financial systems that empower global humanitarian projects and foster sustainable economic growth. The success of the ATC digital currency exchange system test paves the way for broader adoption and integration into global financial ecosystems.
### Upcoming Initiatives
– *Global Roadshow:* Attica Empire will embark on a worldwide tour to introduce the ATC digital currency to key financial hubs and international organizations.
– *Humanitarian Partnerships:* Collaborations with NGOs and global institutions to channel ATC funds into pressing social development projects.
– *Technological Advancements:* Continuous enhancement of the ATC platform to ensure scalability, security, and user-centric features.
The Attica Empire invites global stakeholders to join this transformative journey toward a more equitable and sustainable financial future.
Life Patron Gen. Buratai Congratulates Newly Elected Lady Captain of TYBGRCC
ABUJA – The Tukur Yusufu Buratai Golf Resort and Country Club (TYBGRCC) has ushered in a new era of leadership with the election of Ms. Jumai Hajara Adamu as its Lady Captain.
The club’s Life Patron, Lt Gen Tukur Yusufu Buratai (Rtd) CFR, former Chief of Army Staff, has extended his warm congratulations and full endorsement. “As the Life Patron, I am immensely proud to see a leader of your calibre step forward,” he stated. “Please be assured of my full and unwavering support throughout your tenure. I have every confidence that your leadership will be marked by significant achievements.”
The election, conducted by the club’s Board of Trustees and membership, highlights a unanimous confidence in Ms. Adamu’s vision and dedication to the sport and the club’s community.
In her acceptance address, the newly elected Lady Captain outlined a forward-looking agenda anchored on three key pillars: Unity, Development, and Inclusiveness. “I believe that golf is not just a sport but a powerful platform for friendship, discipline, mentorship, and community,” she stated, pledging to strengthen member bonds, encourage greater participation among ladies and youth, and enhance the club’s facilities.
Ms. Jumai Hajara Adamu, a respected member known for her active participation and organizational acumen, succeeds a line of distinguished past Lady Captains. She has pledged to build upon their legacy with transparency, teamwork, and accountability, ensuring every member feels heard and represented.
This appointment is seen as a significant step for the TYBGRCC, reinforcing its commitment to excellence, growth, and fostering a vibrant sporting community in the heart of the nation’s capital. The club anticipates a dynamic and prosperous term under her guidance.
About Tukur Yusufu Buratai Golf Resort and Country Club (TYBGRCC):
Located in Abuja, TYBGRCC is a premier golfing destination dedicated to promoting the sport of golf, fostering camaraderie, and encouraging a healthy lifestyle among its members and guests. It stands as a testament to world-class sporting and recreational facilities.
NAWOJ: SEKINAT, CHARITY GETS VOTE OF CONFIDENCE
The Nigeria Association of Women Journalists,(NAWOJ), Ogun State Chapter Executives has unanimously passed a vote of confidence on Chairman NAWOJ SEKINAT Salam and the Financial Secretary, Charity James, saying that, their leadership reflect the ideal and objectives of NAWOJ.
This was revealed in a communique issued at an Emergency meeting of the Executive held at the NUJ State Council, Iwe-Iroyin in Abeokuta.
The vote of confidence on the Leadership of NAWOJ was unanimously signed by all the five executive members that attended the meeting with the vice chairperson taking apology for official engagement outside the state capital.
According to the communique ” Consequently, NAWOJ Ogun State Chapter, reaffirms it’s unwavering support and confidence in the Chairperson and the Financial Secretary, Sekinat Salam and Charity James respectively, Urge them to continue in their commitment to purposeful leadership in the best interest of the association and the society at large”.
Speaking briefly with Journalists after the emergency Executive meeting, the Chairperson, Nigeria Association of Woman Journalists (NAWOJ), Com. Sekinat Salam, said the meeting was necessary as the news of her suspension was laughable and insulting because it is like a pot calling a kettle black in this case, saying that the Leadership of the State Council, Com. Wale Olanrewaju has no local standing to suspend her or any executive member, even he cannot be a judge in his own case.
According to her” The Leadership of the Nigeria Union of Journalists, Ogun State led by Wale Olanrewaju has always been misusing power without recourse to the constitution of this noble Union, hence has no local standing to suspend me or any executive member “.
She said only the Central Working Committee (CWC) has the constitutional rights to sanction or suspend any members found wanting after due process has been followed.
While calling on members to stay calm, Com. Sekinat Salam assured members of positive representation of NAWOJ at both the State and National level, adding the success recorded under her administration cannot be overemphasized.
She therefore called on the National leadership of NUJ to critically look into the matter, either by setting up independent committee to investigate the issues and resolve the matter as quickly as possible.
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