Lagos State Governor, Mr. Babatunde Raji Fashola has reportedly put a smile on the faces of lagosians.
The governor, who is a Senior Advocate of Nigeria (SAN), on Monday, signed into law an Executive Bill reducing the cost of land transactions in the State, PMnews reports.
He explained that the move was to make sure that land transactions
are carried out with minimal difficulty, especially with difficulties
relating to payment of taxes, rates and legitimate levies
charged under the enabling law.
The Executive Order, (No. EO/BRF/001 of 2015), provides, among others, that “unless otherwise indicated, the valuation of landed property for the determination of tax and other charges payable shall be by reference to the Statement of Fair market Value produced by relevant professionals, adopted by the State Government and published from time to time in the Official Government Gazette.”
The governor, who is a Senior Advocate of Nigeria (SAN), on Monday, signed into law an Executive Bill reducing the cost of land transactions in the State, PMnews reports.
Governor Babatunde Fashola
charged under the enabling law.
The Executive Order, (No. EO/BRF/001 of 2015), provides, among others, that “unless otherwise indicated, the valuation of landed property for the determination of tax and other charges payable shall be by reference to the Statement of Fair market Value produced by relevant professionals, adopted by the State Government and published from time to time in the Official Government Gazette.”