An estate surveyor and valuer, Chief Kola Akomolede, has revealed plans to shed more light on some of the challenges confronting the housing sector, with a view to helping stakeholders find solutions to them. Akomolede said the thoughts had been captured in a book entitled ‘40 years of housing discourse’, a compilation of some of his articles which had been ...
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World Bank, CBN collaborates to review Land Use Act for mortgage activities
The World Bank and Central Bank of Nigeria (CBN) have initiated collaborations in efforts to review the existing Land Use Act laws and create enabling environment for the mortgage activities to thrive in the country. The move aimed at enhancing housing delivery in the country is coming on the heels of an affirmation that Nigeria has about 16 million housing ...
Read More »Stakeholders at public hearing demands total reversal of LUCL
Stakeholders said Lagos state government has no justification for the increment of land use charge (LUCL) as the economy is biting hard on the masses Fitzgerald Umah, the chairman, Nigerian Institute of Architects urged the government to repeal the Land use charge law (LUCL) to help Lagosians in view of the hardship they were facing Umah said increasing the tax ...
Read More »Lagos assembly announces second public review of the land use charge law
The Lagos Assembly has set up a six-man ad hoc committee to review the controversial 2018 land use charge in the state. The Speaker of the House, Mr. Mudashiru Obasa disclosed this at the plenary yesterday. He urged the people to participate in the second public hearing organised by the Lagos assembly to have the opportunity to express their grievances. ...
Read More »LUCL Controversy and the Raging Storm
On 28 January 2018, the Lagos State House of Assembly passed the Land Use Charge Law 2018 to repeal and replace the Land Use Charge Law 2001. In this article, Lekan Olofinji reports and reviews the aftermath of the LCCI organized forum for the Government and private sector on the issue of the Land Use Charge. Since the repeal and ...
Read More »Effects of the Land Use Charge Law on Lagosians
On March 25, the Lagos State Government gave landed property owners till April 14 to pay the state Land Use Charge, or risk losing the benefit of enjoying 15 per cent discount for paying the levy. This article discusses the effects of the land use charge law on Lagosians. Conceptually, Nigeria’s economic potential is well recognized as probably the biggest ...
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