Real Estate News

LAND USE CHARGE AMENDMENT LAW (LUC) Written by Olayinka Alao Introduction The Lagos State Land Use Charge is a consolidation of all property and land based rates and charges erstwhile payable under land rates, neighborhood improvement charge and tenement rates laws of Lagos State. The Land Use Charge (LUC) as the name implies is a novel imposition on the owner ...

Faced with criticism on its decision to out rightly sell off some legacy projects to finance the 2018 budget, the Kogi State Government has proposed backtrack on the controversial policy. The controversy was stoked by the State’s Commissioner of Finance Asiwaju Idris during his budget defense for the ministry, where he revealed government’s plan to sell off some of the ...

Fresh moves are being made by the Lagos authorities to restore sanity to the built environment and further curb cases of building collapse and its attendant loss of lives and property  by giving defaulters grace of 6 months before penal fee is charged. Under the new initiative supervised by the Lagos State Building Control Agency, (LASBCA), the agency is carrying ...

President Muhammadu Buhari on Thursday commissioned the Mararaban Jamaa road renamed after him, following his arrival in Jos on a two-day working visit to Plateau State. The visit is in continuation of a tour of states ravaged by communal strife, mostly between herders and farming communities. He kicked off the tour on Tuesday in Taraba and is scheduled to also ...

Delta state Governor, Ifeanyi Okowa, has insisted that there is no land available for the establishment of cattle colonies in the state. He made this known on Wednesday while condemning the recent killings by suspected herdsmen in Ethiope East Local Government Area of the state. Governor Okowa who resumed a series of town hall meetings, to interface with the people ...

Osun State Governor, Mr Rauf Aregbesola has inaugurated a 2.8 kilometre road constructed by his administration in Osogbo to honour the workers in the state for their sacrifices during the economic recession. The governor renamed the Odi-Olowo/Asubiaro road as ‘Workers Drive’ as a way of showing appreciation to the workers whose salaries were slashed because of the economic meltdown. The ...

The Management of Dangote Group yesterday said that the Sugar and Salt section of the company was losing about N2 billion monthly to traffic gridlock on the Wharf road-Coconut expressway. Both the Wharf Road and the Coconut expressway are the two main access roads to Nigeria’s main sea ports. Though, the Wharf road is currently being rehabilitated, but the traffic ...

The Lagos State Government on Tuesday said that it would channel proceeds of its new Land Use Charge (LUC) to tackle $50 billion infrastructure deficit within the next five years. Mr Akinyemi Ashade, the state Commissioner for Finance and Special Adviser to the Governor on Taxation and Revenue, said this at an interactive session with journalists in Alausa, Ikeja. He ...

Federal Government, in connection with the Kwara state government, is set to complete a 76- unit housing project in Il orin metropolis, Ilorin West local government area of the state as part of efforts to bridge housing deficit in the country. Conducting journalists round the housing project on Wednesday, the federal controller, ministry of Housing, Architect Kunle Shonibare and Director ...

The Lagos Chamber of Commerce and Industry (LCCI) is set to hold a dialogue on the new Land Use Charge Law in Lagos. It is aimed at examining the provisions of the recently passed law viz-a viz its implications for residents and businesses operating in Lagos and its environs, the organisers said. The dialogue, according to LCCI, would hold tomorrow ...