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Provisional Tenement Rates to be introduced in the FCT

Investors holding back on the Nigerian property market despite opportunities

The current administration of AMAC, has issued provisional rates for residential and commercial properties in the FCT. The rates vary from N200,000 to N8million depending on the type and location of the property. “Background The Nigerian Constitution empowers local governments to assess and levy tenement rates. However, during the last administration, the local authority – Abuja Municipal Area Council [AMAC] ...

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