Business
‘Property Tax Can Improve States’ IGR’
Former Chairman of Nigeria Institution of Estate Surveyors and Valuers, Lagos State Chapter, Dotun Bamigbola, has added his voice to the call that states can shore up their lnternally Generated Revenue (IGR).
Speaking in an interview with The Tide’s source, he advised that any state venturing into it must sit down and plan the modalities as there are many diverse channels to achieve this.
“From the title registration to annual property taxes, which include the tenement rates in some places to other forms of property taxes.
“These taxes have to be defined and professionals in the real estate sector, such as estate surveyors and valuers who are the land economists, can assist the government to identify them based on the peculiarities of each state”, he said.
He said the surveyors who can be engaged in the exercise must be engaged in the civil service system to operate it, and as consultants.
“A good example is what is happening in Lagos and Ogun States. Real estate related IGR, particularly from Lands Bureau, is the second highest revenue source in Lagos for instance”, he said.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
Business
PHCCIMA Leadership Hails Rivers Commerce Commissioner for Boosting Business Ties …..Urges Deeper Collaboration to Ignite Economic Growth
