Over 90 Free Zone Operators Oppose FG’s Proposed Tax Bill
Over 90 Free Zone operators in Nigeria have voiced strong opposition to the provisions of the Nigeria Tax Bill, 2024, expressing concerns that its implementation would negatively impact the country’s…
Federal Govt N250 Billion Housing Fund Faces Mixed Reactions from Key Industry Figures
The Federal Government’s approval of a N250 billion real estate investment fund, aimed at providing affordable, long-term mortgages to Nigerians, has garnered both praise and concern from key industry figures.…
National Council Proposes Mandatory Rent Payment Policy Amid Litigation
The 13th Meeting of the National Council on Lands, Housing, and Urban Development has approved a policy supporting monthly, quarterly, and yearly rental payment systems nationwide. The council also proposed…
IMF Advocates Property Tax as Key Revenue Source for Governments
The International Monetary Fund (IMF) has called on governments, particularly in low-income countries like Nigeria, to explore property taxes as a practical and sustainable way to boost revenue. In a…
Obasanjo Demands Overhaul of INEC, Urges New Leadership for Credible Elections
Former President Olusegun Obasanjo has called on Nigerians to urgently push for the installation of credible leadership within the Independent National Electoral Commission (INEC). Speaking at the Chinua Achebe Leadership…
Debt Crisis Looms as Nigeria’s External Borrowing Set to Reach $45.1 Billion by End of 2024
Nigeria’s external debt is on track to reach $45.1 billion by the end of 2024, signaling potential economic challenges as the government pursues further external borrowing. Recent data from the…
Contractors Under Fire for Alleged Sabotage of Renewed Hope Housing Project
The House of Representatives Committee on Urban Development and Regional Planning has issued strong accusations against contractors involved in the Renewed Hope housing project in Uyo, Akwa Ibom State, alleging…
What is Land Grabbing? – Causes, Effects & Solutions
Definition of land grabbing Land grabbing is the practice of large-scale acquisition of land by individuals, corporations, or governments, often with the intent to control or exploit the natural resources and/or labor…
APC’s Aiyedatiwa wins Ondo guber poll, defeats challengers in ALL 18 LGAs
Lucky Aiyedatiwa, candidate of the All Progressive Congress (APC) in the Ondo governorship election, has been declared winner of the Ondo governorship election. Olayemi Akinwumi, the Independent National Electoral Commission…
W’Bank detects $32m unaccounted funds in Nigeria’s water project
The World Bank has identified $32m in unaccounted funds in a Nigerian water sector project, raising concerns over likely embezzlement and mismanagement. According to the newly released FY2024 Sanctions System Annual…