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Tag Archives: tenement rate

Ayefele finally speaks up over music house demolition

Yinka Ayefele

A popular Juju musician and Chairman/CEO of Fresh FM, a private radio station in Ibadan, the Oyo State capital, Mr. Yinka Ayefele has reacted to the notice issued by the Oyo State government to demolish part of Music House which houses the radio station. Ayefele in a statement he personally signed, declared that the construction of the building did not ...

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Confusion between Landlords and tenants over tenement rates payment

demolition

There seems to be confusion among residents of Warri following the introduction of “Residential Tenement Rates ” by the Warri South Local Government Council led by Hon. Michael Tidi. Tidi explained in a chat that there is “Commercial” and “Residential Tenement Rates” in places like Lagos State but he insisted that the payment is not for the tenants but for ...

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Court orders Abuja Area Councils to stop collecting tenement rate

tenement rate

A court in Abuja has described the collection of tenement rate by the six area councils of the Federal Territorial Capital (FCT) from property owners as unconstitutional and has consequently barred them from further collecting the proper tax. Justice Valentine Ashi held that the collection of the property tax by the six councils was usurpation of functions donated to the ...

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‘Land use charge is not focusing on the tenant but property owners’ – Ashade Akinyemi

property owners

The re-enacted Lagos State Land Use Charge continues to draw criticisms despite a reduction of the rates by the state government. Commissioner of Finance/Economic Planning and Budget, Lagos state Mr. Ashade Akinyemi in this interview said the law is focused on property owners not tenants. Read how he threw more light on the controversial law. Why is the Lagos state ...

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Commissioner for finance analyses the benefits of Land use charge

Land use charge

Amid the complaints about the new Lagos State Land Use Charge, the Commissioner for Finance, Akinyemi Ashade, says an aggregated tax that has combined three erstwhile separate taxes namely tenement rate, ground rent and neighbourhood improvement levy into one. Ashade, who noted on Tuesday in Lagos that Land Use Charge had been trending for the wrong reasons, recently said that ...

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Newly passed Land Use Charge bill causes controversy

Land Use Charge bill

Fresh widespread opposition may await the Lagos State Government’s newly passed Land Use Charge bill; if indications emerging from the sector’s major players are anything to go by. The proposed law, which repealed the Land Use Charge Law 2001 and enacted Land Use Charge 2017 and For Connected Purposes, aimed at increasing the revenue generation base of the state by ...

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Lagos State land use charge law

The Lagos state land use charge law was instituted on 22nd June, 2001 to  replace the old tenement rate. The land use charge is designed to help the government generate additional revenue needed to develope the state in the light of increasing demand for provision of urban and rural infrastructures and other expenditure while a population that grows at an ...

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