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

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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

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UKA Gears Up for Final ATC Exchangeability Test Run as June Preparations Begin

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UKA Gears Up for Final ATC Exchangeability Test Run as June Preparations Begin.

May 30, 2026 – As the month of June gathers momentum, the *United Kingdom of Atlantis, UKA*, a sovereign nation has unveiled a series of vital guidelines and preparatory packages to ensure citizens and stakeholders run the *ATC Exchangeability* process effectively.

In an official update, the *President of Atlantic Crown Limited, Empress of Attica Empire UKA*, confirmed that the *Final Test Run of ATC Exchangeability* is scheduled for the month of June 2026. The exercise marks a key phase ahead of the *Official Exchangeability Window, set to run from July 2026 to February 2027*.

### Key Highlights from the Presidential Briefing
1. *Final Test Run – June 2026*
The test run is designed to validate systems, procedures, and user readiness before full activation. Citizens, partners, and designated participants are urged to follow all official advisories released by UKA authorities during this period.

2. *Official Exchangeability Period*
Following the successful completion of the June test run, the Official Exchangeability will commence in july 2026 and we are Expecting Full Exchange ability between July Ending, 2026 to February 2026.

UKA stated that detailed schedules, eligibility requirements, and step-by-step instructions will be communicated progressively through verified UKA channels.

3. *Benefiting Packages for June*
In line with UKA’s commitment to citizen empowerment, the month of June will feature “benefiting packages” aimed at education, preparation, and seamless onboarding. These packages are intended to equip the people of UKA with the knowledge and tools needed for effective participation.

4. *Commitment to Transparency*
Addressing the nation, the Empress of Attica Empire UKA emphasized:
_“Final Test Run of ATC Comes up in The Month of June, As We Prepare For The Official Exchangeability, Between July 2026 To Feb 2027. All Information Will Be Communicated.”_
UKA reaffirmed that only information released through official UKA platforms should be regarded as authoritative.

The United Kingdom of Atlantis is encouraging all citizens, representatives, and interested parties to remain alert to official communications, attend designated orientation sessions, and avoid unofficial sources. UKA’s dedication to order, clarity, and the collective benefit of its people as the nation moves into this significant phase.

For updates, advisories, and participation guidelines, citizens are advised to monitor official UKA communication channels.

United Kingdom of Atlantis, UKA, is a sovereign nation, committed to national development, citizen welfare, and structured economic participation through initiatives such as ATC Exchangeability.

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Three Years On, General Buratai Hails Tinubu’s Economic, Security Achievements

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Three Years On, General Buratai Hails Tinubu’s Economic, Security Achievements

 

 

Former Chief of Army Staff, Lt. Gen. Tukur Buratai (retd.), has commended President Bola Ahmed Tinubu for what he described as bold economic reforms and improved security efforts as the President marks three years in office.

 

 

 

 

In a goodwill message on Thursday to commemorate Tinubu’s third anniversary as President and Commander-in-Chief of the Armed Forces, Buratai said the administration had taken courageous decisions that would leave a lasting impact on Nigeria’s development.

 

 

 

According to him, President Tinubu broke a long-standing cycle that had hindered national growth by removing fuel subsidy and implementing foreign exchange reforms aimed at stabilising the naira and strengthening the economy.

 

 

 

 

He noted that the reforms were beginning to yield positive results, citing the global acceptance of Nigerian debit cards, the gradual revival of local refineries, access to student loans, and ongoing road and infrastructure projects across the country.

 

 

 

“The FCT Administration has also recorded remarkable progress, completing major road projects that remained unfinished for over 16 years,” Buratai stated.

 

 

 

The former army chief also praised the administration’s security efforts, saying renewed military offensives against insurgents, terrorists and bandits had led to notable successes across various parts of the country.

 

 

 

He specifically lauded recent joint operations involving Nigerian and United States forces against Boko Haram and ISWAP in the North-East, as well as intensified counter-banditry operations in the North-West.

 

 

 

 

“We have seen notorious ISWAP commanders being neutralised. I congratulate the Commander-in-Chief, the Minister of Defence, the Chief of Defence Staff, the Service Chiefs, the Inspector-General of Police and heads of intelligence agencies for their efforts,” he said.

 

 

 

 

Buratai, however, acknowledged that challenges remained, stressing the need for more aggressive military operations and intelligence-driven strategies in the coming year.

 

 

 

 

While urging Nigerians to remain hopeful, he said celebrating the President’s achievements did not amount to ignoring the difficulties facing the nation.

 

 

 

 

“Because you truly care, you have shown the courage to trade short-term comfort for long-term hope. Nigerians need your reassurances, and that is why we remain optimistic and full of confidence,” he added.

The retired military officer reaffirmed his support for the Tinubu administration and expressed confidence that the foundation being laid by the government would deliver a brighter future for the country.

 

He also prayed for God’s guidance, wisdom, strength and good health for the President as he continues to lead Nigeria.

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NUT Raises Alarm Over Continued Captivity of Abducted Oyo Pupils, Teachers

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NUT Raises Alarm Over Continued Captivity of Abducted Oyo Pupils, Teachers

NUT Raises Alarm Over Continued Captivity of Abducted Oyo Pupils, Teachers

 

 

The Nigeria Union of Teachers has expressed deep concern over the continued captivity of pupils and teachers abducted during an attack on schools in the Ahoro-Esinle and Yawota communities in Oriire Local Government Area of Oyo State.

 

 

In a statement issued on Saturday, the Oyo State wing of the union described the situation as increasingly distressing, particularly following the emergence of a video allegedly released by the abductors showing the victims pleading for their freedom.

 

 

The union said the footage had heightened fears over the welfare of the abducted pupils and teachers, describing their ordeal as heartbreaking and unacceptable.

 

NUT Raises Alarm Over Continued Captivity of Abducted Oyo Pupils, Teachers

According to the NUT, no child or teacher deserves to be subjected to such traumatic experiences, adding that the prolonged captivity of the victims has continued to inflict psychological pain on their families, colleagues and the wider education community.

 

 

 

The union called on the Federal Government, Oyo State Government and relevant security agencies to intensify efforts towards securing the immediate and safe release of the victims.

 

 

“This is not a moment for hesitation. It is a moment for coordinated, intelligence-driven efforts to ensure the immediate and safe release of all abducted pupils and teachers,” the statement read.

 

 

While acknowledging ongoing interventions by security agencies and government authorities, the union stressed that time was of the essence, warning that every additional day in captivity deepens the trauma suffered by the victims.

 

 

The NUT urged security operatives to strengthen surveillance, improve community intelligence gathering and deploy all necessary operational and diplomatic measures to facilitate the rescue of the abductees.

 

 

It also appealed to traditional rulers, community leaders and residents to support rescue efforts by providing credible information that could assist security agencies.

 

 

 

“The safety of our children and teachers must remain a collective priority,” the union stated.

 

 

Reaffirming its support for the families of the victims, the NUT pledged continued solidarity and prayers while advocating safer learning environments across the country.

 

 

The statement was jointly signed by the Chairman of the Oyo State NUT, Comrade Hassan Ajibola Fatai, and the Secretary, Comrade Salami Olukayode.

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