Connect with us

society

LAND USE CHARGE: REAL ESTATE SECTOR STAKEHOLDERS HAIL 50% REDUCTION BY LSG

Published

on

Mr. Olurogba Orinmalade, Chairman (Lagos State Chapter) of The Nigeria
Institution of Estate Surveyors and Valuers (NIESV), on Thursday, March
16, 2018, in Lagos hailed Governor Ambode’s gesture in slashing the new
Land Use Charge for Commercial properties by 50%. At a stakeholders
meeting held at The Protea Hotels, GRA, Ikeja, Lagos, Mr.  Orimalade
described the Ambode led government as a listening government and
pledged his association’s support for the new law and all other
progressive decisions of the government going forward. In his words, “we
are committed to working with the present Lagos State administration to
make the new law succeed and we have already set up a technical
committee to come up in ten days, with directions, recommendations and
position of the Institution on the law in order to collaborate with the
government for a better society.
Arc. Ifeoma George, Vice President Nigeria Institute of Architects, said
at the meeting that “this is a listening government and propose that
stakeholders should continue to be carried along in all government
dealings, going forward “. The event was a meeting with professionals in
the real estate sector.
The commissioner for Finance, Lagos State, Mr. Akinyemi Ashade, took the
opportunity to further enumerate other reliefs entailed in the amended
Land Use Charge Law. He emphasized that the state government was opened
to further discussions on how to solve the challenges plaguing
infrastructural financing and investments in Lagos State. He also
mentioned that there will be no penalty for late payment in this 2018
regime as earlier stipulated. Furthermore, the amended Land Use Charge
Law is a property tax that consolidates the tenement rate, Neighbourhood
Improvement rate, and Ground rent.
Outside of the commercial properties, properties occupied by owners and
third party used for commercial purposes will get a further 25%
discount, while a wholly owner-occupied property will get an additional
15% discount as graciously pronounced by the government. In addition to
these, all the other reliefs enumerated at the inception of the amended
law remains valid. These include 40% general relief across board,
meaning that whatever is the value of the property, 40% will be deducted
and the charge will only be calculated on the remaining 60%. For elder
citizens above 70years old, there is an additional 10% discount. For
those living with any form of disability, there is also 10% discount
while properties that are 25 years old and above will also enjoy another
10% discount. Above all, payments can be staggered across the year to
soothe the economic convenience of the payer.
The Commissioner also emphasized that self-assessment of property will
be encouraged to help individuals calculate their charges appropriately.
They are allowed to use their independent Estate Valuers to assess their
property and bring such discrepancies up to the government for
reconciliation. The state government according to Mr. Ashade, the
Commissioner for Finance, is opened to discussions and ever willing and
ready to dialogue on the Land Use Charge Law or any other government
policy for that matter.
Everyone present at the meeting agreed and fully appreciated the
unparalleled efforts of the state government in turning around the
infrastructural fortunes of the state. They pledged their loyalty and
support to the government’s efforts towards the Lagos Mega City Drive.
To buttress this point, members of the Estate Agents Association
present, pledged to partner with the state government in advising the
landlords to speedily pay Land Use Charge.
The stakeholders meeting had in attendance professional associations and
bodies like Nigeria Institution of Estate Surveyors and Valuers (NIESV),
Faculty of Estate Agency and Auctioneering, International Real Estate
Federation, Nigerian Institute of Architects,  Association of Builders &
Property Developers, and Association of Town Planners and Estate Agents
of Nigeria
Continue Reading
Advertisement
Click to comment

You must be logged in to post a comment Login

Leave a Reply

society

NAWOJ: SEKINAT, CHARITY GETS VOTE OF CONFIDENCE 

Published

on

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.

Continue Reading

society

Adron Homes Chairman Congratulates Oyo State on 50 Years of Progress

Published

on

Adron Homes Chairman Congratulates Oyo State on 50 Years of Progress

The Chairman and Chief Executive Officer of Adron Homes and Properties Limited, Aare Adetola Emmanuelking, has congratulated the Government and people of Oyo State as the state marks its 50th anniversary, describing the occasion as a celebration of resilience, cultural pride, and sustained progress.

He noted that since its creation, Oyo State has remained a strong contributor to Nigeria’s socio-economic and cultural development, emerging as a hub of commerce, education, and innovation.

According to him, the Golden Jubilee offers a moment for reflection and renewed commitment by government, private sector players, traditional institutions, and citizens toward building a more inclusive and prosperous state.

Aare Emmanuelking commended the state’s ongoing transformation through investments in infrastructure, economic expansion, and human capital development, adding that sustainable growth is deliberate and must remain purpose-driven.

He also praised the leadership of the current administration while acknowledging the contributions of past leaders whose efforts laid the foundation for today’s Oyo State.

Reaffirming Adron Homes’ commitment to national development, he described Oyo State as a land of opportunity. He wished the state continued peace and prosperity, expressing confidence that the next fifty years will bring even greater achievements for the Pace Setter State and its people.

Continue Reading

society

TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

Published

on

TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

 

In a profound expression of sorrow, the TY Buratai Humanity Care Foundation has extended its heartfelt condolences to the families of the victims and the entire people of Biu Emirate, Borno State, following the recent tragic attack attributed to Boko Haram. This devastating assault, which occurred at a work site in northeastern Nigeria, claimed the lives of dozens, including brave soldiers committed to protecting the nation.

In a statement released to the press and signed by the Chairman of the foundation, Ibrahim Dahiru Danfulani Sadaukin Garkuwan Keffi/Betara Biu, the Grand Patron of the Foundation, His Excellency Amb. Lt. Gen. Tukur Yusufu Buratai CFR (Rtd), former Chief of Army Staff, described the incident as “one too many senseless, barbaric, and ruthless displays of inhumanity.” His Excellency emphasized the heartbreaking impact of such attacks on innocent, hardworking citizens striving to make a positive difference in their communities.

The Grand Patron praised the swift and decisive response of military personnel during this critical time, underscoring their brave commitment to safeguarding the nation. He called upon them to maintain this momentum, commending their courage and sacrifice in the face of adversity. “May Almighty Allah forgive their souls and grant them Aljannah Firdouse,” he remarked, encouraging the nation to honor their spirit of sacrifice as they rally together to rebuild and restore hope across the region.

In his statement, Gen. Buratai highlighted the importance of collective action in overcoming the challenges posed by insecurity, urging concerned citizens to increase their efforts in fostering a virile community that future generations can cherish. “Together, we can surmount these troubles,” he asserted, calling on all patriotic leaders and citizens to unite in the fight against violence and insecurity.

TY BURATAI HUMANITY CARE FOUNDATION CONDOLES WITH BIU EMIRATE OVER TRAGIC ATTACK

The TY Buratai Humanity Care Foundation remains committed to supporting initiatives that promote peace, security, unity, and prosperity. As the foundation extends its condolences to the bereaved, it also calls upon all segments of society to collaborate in creating a better and safer future. May Allah guide and protect the nation and lead it toward enduring peace. Amen.

Continue Reading

Cover Of The Week

Trending