Lagos Govt reduces Land Use Charge

•No more penalty for late payment
•Payment can be made by installments

The Lagos State Government has announced the reduction in the Land Use Charge.

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Reports say the reduction was part of the conclusions reached at the meeting of the Lagos State Executive Council chaired by Governor Akinwunmi Ambode on Thursday (today).
The state government had jacked up the charges payable by 400% as enabled by the Land Use Charge Law of 2018.

Sequel to the reduction, therefore, the government has done the following:

• Cut commercial charges by 50 percent

• Reduced charges for owner-occupier with third party — including industries and manufacturing concerns by 25 percent

• Waived penalty for late payments across board
• Given tax credits for LUC charges already paid

• Introduced Installment Payment System

Stakeholders had criticised the increment of the LUC, insisting that it was capable of affecting business and the general financial wellbeing of Lagos residents.

Such stakeholders included the Organised Private Sector, Nigeria Bar Association, real estate investors & developers, landlord & resident associations, community development associations, Civil Society Organisations, Lagos Chamber of Commerce and Industries, Nigeria Institute of Estate Surveyors & Valuers and several other professional groups.

Now, commercial property owners will be granted 50 percent discount. This means a commercial property valued at N20m which was earlier billed N91,200 will now pay N45,600 per annum.

Property occupied by owner and third party and property used for industrial and manufacturing purposes will now enjoy 25 percent discount. This means that a N20m property expected to pay N30,720 will now pay N23,040 per annum.

Owner-occupied property will enjoy 15 percent discount. So, for a N20m property, this used to be N9,120. Now, it is N7,752 per annum.

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Meanwhile, the penalty regime for late payment of LUC has been waived completely. Therefore, LUC payers who have received their bills will no longer be penalised for late payment of bills issued in 2018, thereby providing additional relief to LUC payers.

Other rates and reliefs, apart from the ones stated above, will remain unchanged and will be implemented as stipulated by the Law.
These include 40 percent general relief, 10 percent for 70 years and above, 10 percent for properties owned by persons living with disability and 10 percent for properties that are 25 years old and so on and so forth.

Owners of Property across all categories will now be allowed to make payments by installments, to reduce the burden of taxation on citizens.

The sitting resolved that it shall forward to the Lagos State House of Assembly for review and passage the following regulations:

a) The Regulation for review of applicable rates and regime of reliefs on Categories of Properties pursuant to LUC Law.

b) The Regulation for a framework for self-assessment.

Kenya, Ghana To Partner Visionscape On Waste Management, Electricity Generation

Waste management company, Visionscape and the government of Ghana have signed an agreement on waste management and electricity generation, while a similar arrangement is already being worked out with Kenya.

According to reports, Visionscape and authorities of Ghana and Kenya have had series of meetings in Lagos and Dubai.

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It was gathered that the Ghanaian delegation said they were impressed by the global pedigree of Visionscape and they would like the company to provide an end to end solution in the management of their waste. The Ghanaian team, it was further gathered were impressed with the new compactors and other facilities Visionscape was bringing into Lagos for its operation.


It was further gathered that a presentation was made on behalf Visionscape by a company identified as GIL Capital to the Governor of Nairobi City County in Kenya.

A source said the Governor, Mike Mbuvi Sonko, had written a letter to Visionscape inviting the organisation to make a detailed presentation on the prospective waste management approach that could assist his County to have a one-stop shop management solution.

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The presentation it is expected would include how to generate electricity from a garbage dumpsite.

Visionscape Group, an environmental utility group of companies already has operations in Dubai, the United Kingdom, Belgium and Lagos, Nigeria.

Kebbi Commences Payment Of N274m Compensation To Land Owners

Kebbi State Government has commenced the payment of N274 million compensation to land owners affected by the ongoing construction of township road in Gwadangaji, Birnin Kebbi Local Government Area.

Alhaji Abubakar Suleiman, the Acting Permanent Secretary, Ministry of Lands and Housing, who supervised the payment in Birnin Kebbi, reiterated the commitment of the state government to promote socio-economic well-being of the citizenry.

“We are committed to the execution of projects that will promote the socio-economic well-being of our people.”

He said that the construction of the roads in Gwadangaji town was aimed at promoting the socio-economic activities of people of the area and the state in general.

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Suleiman urged the people to continue to support the state government in its efforts to deliver dividends of democracy.

He also enjoined the people to ensure the maintenance of projects executed for their benefit.

He commended the district head of the area, Alhaji Umar Ahmad, and people in his domain for their support and cooperation in ensuring the success of the exercise.

In his remarks, Ahmad commended the state government for fulfilling its campaign promises of improving the well-being of the people.

 

“We also commend the state government for adequately and promptly compensating our people whose lands and houses were affected by the road construction in the area,” he said.

Affordable Housing: Mortgage Bank, Stakeholders Partner To Remove Bottlenecks

The Federal Mortgage Bank of Nigeria (FMBN) says it is partnering with key stakeholders in the housing sector to reduce bottlenecks that hindered affordable housing in Nigeria.

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The FMBN Managing Director, Mr Ahmed Dangiwa made this assertion on Wednesday when a delegation of the Nigerian Economic Summit Group (NESG)’s Infrastructure Policy Commission (IPC) visited him in Abuja.

Dangiwa listed the key stakeholders as the Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of Nigeria (REDAN).

Dangiwa noted that in order to tackle the challenges in the sector squarely, the FMBN introduced a tripartite meeting with the stakeholders monthly, aimed at resolving issues challenging easy access to affordable housing.

The FMBN boss noted that the bank would also not relent in its push at the National Assembly for the repeal of the bill establishing the FMBN and the National Housing Fund (NHF)

“A bill to repeal the NHF and FMBN acts is presently at the National Assembly, it will strengthen access to mortgages if achieved,” he added.
He further said that the bank was also collaborating with Trade Union Congress (TUCc) and Nigeria Labour Congress (NLC) on production of housing development models to enhance mass housing.

 

Dangiwa also urged the National Assembly to enact law to address misconducts in the mortgage system.

Earlier, Mr Kashim Ali, President, Council for Regulation of Engineering in Nigerian (COREN) and a member of the (NESG) IPC steering committee said that the visit was to seek for collaboration to achieve some objectives.

Ali noted some of the areas to look into with the bank as housing and urban reform, enactment of foreclosure law, security and welfare of contributors as well as land titling issues.

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He called for effective collaboration with the bank for construction finance of low cost housing to enhance affordable housing.

FMBN explain reasons for unoccupied houses in 10 states

THE Managing Director of Federal Mortgage Bank (FMBN), Arc. Ahmed Musa Dangiwa, on Wednesday, said the issue of affordability is the major reason why estates built by the FMBN in 10 states remained unoccupied.

Dangiwa, who expressed worry over the development said, despite efforts to construct homes at the cheaper rate, the houses still remained inaccessible.

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He stated this at a meeting with 9-member
the delegation, led by the President of the National Economic Summit Group (NESG), Engr. Kashim Ali, to the FMBN headquarters, in Abuja.

To this end, he disclosed plans to partner with the state governments to fix the infrastructural aspect of the projects in order to reduce the entire cost.

He also said efforts are ongoing to commence implementation of the rent-to-own initiative.

While noting that the bank is the last resort for the common man, he said it will partner with the Nigerian Labour Congress (NLC) to design cheap homes, reduce housing cost to ensure
affordability.

“In order to assist homeowners, we realize that that factor of affordability mentioned has been a stumbling block. We currently have estates in more than 10 states that have not been
occupied.

“They are being built at a cheaper rate. But despite that, people cannot access the mortgage. We are looking at two ways to address it. This housing development project for Nigerian workers, we
are trying to encourage the state governments to do the infrastructure for us to reduce the housing cost.

“Second is the rent-to-own initiative. We have finished the paper, it’s just to implement it. We are discussing with the state governments to key into it”

In his remarks, the NESG President said the Federal Government has the constitutional mandate to provide shelter for the people before
proceeding to security and food.

He blamed stakeholders in the sector for relying on the statistics of 17 million housing deficits rather than providing more reliable data to enable proper planning and development.

Ali advised the FMBN MD to help address issues relating to affordability, land title and foreclosure.

He emphasized need to include house developers in the annual National Council on Housing as well as financiers in order to factor their inputs while designing housing policies.

In another development, the FMBN boss warned Mortgage Bankers’ Association of Nigeria ( MBAN) to refrain from delaying disbursement to developers.
He said disbursements should be made once such has been received.

Dangiwa gave the warning at a tripartite meeting between the Federal Mortgage Bank of Nigeria (FMBN), Mortgage Bankers’ Association of Nigeria (MBAN) and Real Estate Developers’ Association of Nigeria (REDAN).

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He warned that appropriate sanctions will be taken against any defaulting members.

In the same vein, he urged members of MBAN to minimize the Turn Around Time (TAT) even as he charged REDAN to come up with affordable housing models and avoid unilateral changing of building designs, specifications and scope.

Imperial Homes Mortgage Bank to empower Nigerians

Imperial Homes mortgage Bank has assured Nigerians of its commitment to providing easy and affordable mortgage solutions to address and help reduce the housing deficit in Nigeria.

The bank expressed this commitment through a statement released from its corporate headquarters in Lagos.

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With a housing demand estimated at over 17 million accelerated by an exponential increase in population, Imperial Homes Mortgage Bank – formerly GTHomes – stated that there is an urgent need to providing financial solutions to owing your own Home.

“We have always focused on leveraging on international best practices to provide affordable rates and packages for our customers. Our mission to provide affordable housing scheme for all Nigerians has been the driving force behind our operations, and we have made giant strides over the last couple of years, but we definitely believe that a lot more still has to be done,” the Managing Director, Imperial Homes Mortgage Bank Limited, Ben Akaneme, said.

“Since we changed our name to Imperial Homes Mortgage Bank Ltd from GTHomes Ltd in 2014, we have consolidated our position as one of Nigeria leading mortgage Bank by making home ownership easy and accessible, as well as contributing to efforts to improve the industry, so that more Nigerians can afford and have access to mortgage solutions,” he added.

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Imperial Homes Mortgage Bank Limited has an array of products, which include Imperial Homes Classic, Imperial Homes Direct, and Imperial Homes ESS offers some of the best rates in the country. They are specifically designed to make home ownership easy for Nigerians.

The 12th Abuja International Housing Show…………Our Commitment To Sponsors and Exhibitors.

A cross section of respected International Real Estate Practitioners will return to Abuja for the 12th Abuja International Housing Show on 16 – 19 July, 2018.

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Firmly established as the leading event in the West Africa Real Estate / allied market, the Abujahousingshow will again attract more that 15,000 targeted visitors to meet with 250+ local and International exhibitors.

I am so excited and can’t wait for the opening ceremony of Africa’s Largest Housing and Construction Expo. Our list of sponsors keeps growing daily and only a few exhibitor spots are available. Due to increasing demand, we are negotiating with International Conference Centre, Abuja for more exhibition space.
This year show is co- organised with the Abuja Metropolitan management council with the support of FMOPWH, AUHF , FMBN, NMRC , NHFP, DANGOTE Cement,MBAN and REDAN.
Whether you are specialized in Building Materials, Real Estate Development & Construction, Roofing, Facilities Management, Tiling, Mortgage Finance, Real Estate Sales & Management, Manufacturing or Legal Services, insurance products, commecial banking, alternative Energy the 12th Abuja International Housing Show is the ideal platform to showcase your products in front of a targeted audience.

With over 250 exhibitors from Africa, Asia-Pacific, Europe, North America and the Middle East, Abuja intenational housingshow (AIHS) is the sub continent’s largest international real estate Expo. In addition to your exhibition booth, AIHS will provide you with numerous additional opportunities to efficiently interact with local and foreign buyers throughout the 5-day show.

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Become a sponsor of 12th Abuja International Housing Show and tower above the competition. Enhance your presence, pre and post show, by leveraging on the powerful and targeted Housingprogram On’tv, one of the many promotional media channels of West Africa’s premier Real Estate event.It is going to be mega deals in real estate and Home interior businesses.Exhibit, Make sales and connect at the Africa largest Housing Festival.visit www.abujainternationalhousingshow.com to hear the testimonies from exhibitors and participants at the previous shows.

NBA commences protest against land use charge

THE Nigerian Bar Association, NBA, Ikeja Branch on Tuesday commenced a protest against the reviewed Land Use Charge Law in Lagos.

The protest generated speculations as to whether it would go on.

But Mr Adesina Ogunlana, the branch Chairman took to his Facebook page on Monday assuring that it will go on as planned.

Attempts by the Lagos police boss to stop the protest also failed but the police agreed to provide security cover.

Addressing the protesters this morning, Mr Ogulana urged them to be peaceful and focus on the objective of the strike, which he said is a clear no to the oppressive tax regime.

Lagos begins audit of buildings’ plan permits

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 in the state.
Under the new initiative supervised by the Lagos State Building Control Agency, (LASBCA), the agency is carrying out post construction audit exercise on all existing building to ascertain their status and determine the validity of development permits.

The government has already begun the circulation of letters to residents associations. The letter urged all owners/developers to forward their development permit to the nearest LASBCA office in their respective locations.

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The letter signed on behalf of the General Manager of LASBCA by Olalekan Shodeinde, warned that any owner/developer that fails to submit the development permit within two-weeks of the notice will be served due statutory notices and compelled to obtain the development permit in line with the Lagos State Urban and Regional Planning and Development Law 2010.

The State Government had earlier last week officially announced granting a six- month grace period to allow property owners and developers, with existing developments or those wishing to commence construction but are yet to perfect their land title, obtain planning permits and approvals, without penalty.

Speaking on the development, the Chairman, Lekki Residents Association, Lekki Phase I, Prof. Ajose Olumide said; “What is the government recertifying for? We don’t understand what the government is after”, he said.

He lamented that many issues have come to the association at the same time. For instance; he said the question of the land use charge, the toll gate, and the post construction audit exercise.

Prof. Olumide stated that government needs to educate the people more about what it’s doing before issuing out ultimatum, adding that the association was trying to address the issue of the land use charge through an ad-hoc committee but not through with that, the issue of post construction audit exercise came up.

Speaking to The Guardian on the issue, the agency’s Public Relations Officer, Mrs. Titi Ajirotutu explained, “Even if your building is 50 years old, the letter serve an avenue for those who do not have their building approval to obtain it.

The Governor has given an order that the Lagos State Planning Permit Authority (LASPPA) should not collect penalty fee for sixmonth. Before now, if you have built your house before approval, there is a penalty for it but it has been waved so that everybody will have the opportunity to do the needful”.

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She added that; “Those whose building are very old, we also be asked to go for stability test to get assurance that the building can still last for a particular time or otherwise.

Any building that is still okay will be left alone and the owner will be asked to go for only approval. Lekki is a development site, those who have not done their permit; the wave of penal fee for six months, the wave of title document for six month for those who do not have is an avenue for them to do their building approval. LASBCA is not punishing anybody for now.”

Kogi rescinds policy to sell off goverment property

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 back tracked 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 State property.

Many stakeholders in the state had condemned the decision as some even threatened to sue the Government if it goes ahead with the plan.

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Director-General, Kogi Bureau of Public Private Partnership (BPPP), Mr. Bob Achanya stressed that contrary to speculations that government planned to sell-off landed property and projects of previous administrations, it was out to resuscitate moribund ventures through concession agreements.

Achanya disclosed this at the weekly Inter-Ministerial Press briefing organised by Kogi Bureau of Information Services and Grassroots Sensitisation in collaboration with the state Council of Nigeria Union of Journalists (NUJ) in Lokoja.

Achanya said that government was not talking about the sale of viable property but concession of projects to investors.

“What I see here is a tactical refusal of the people to accept the concept of concession of projects. I have not seen any sale; we don’t even have a lease. All the talks are political semantics to disparage government policies.

The director general disclosed that the bureau received over 600 business proposals from investors interested in various sectors of the state economy in last two years.

He indicated that 42 of the concession projects were on-going on six-month probation at the expiration of which the quality and speed of work would determine their continuity or otherwise.

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According to him the bureau had developed an integrated Infrastructure Masterplan for infrastructural development of the state.

Achanya described the masterplan which had been approved by the State Government as “Syllabus and Textbook” of business in the state.

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