Land Use Charge Law 2001 of Lagos State: An Overview and the Need for Property Tax Reform in Nigeria

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Date
2002-10
Authors
Nubi, T.G.
Journal Title
Journal ISSN
Volume Title
Publisher
The Lagos Journal of Environmental Studies. Faculty of Environmental Science, University of Lagos. Lagos-Nigeria.
Abstract
Property tax is a veritable source of urban finance when properly administered Poor administration can impose a burden on payers and lead to distortion in property market. The paper traced the history of property tax in Nigeria, and its colossal failure. Though there are well-defined regulations yet tax avoidance is high making it a very weak source of government revenue for urban management. Land Use Charge Edict al 2000 was promulgated to re-engineer the existing system but done in the most unprofessional and haphazard manner that made it the second most controversial law after the Land list, Decree of 1978. The paper assessed the various provisions and the effect on business, mortgage, investment and the common people. The paper posited that the edict is a pointer to urgent need for property tax reform in Nigeria.
Description
Scholarly article
Keywords
Land Use Tax , Law , Property Charge , Reform , Research Subject Categories::SOCIAL SCIENCES
Citation
Nubi, T.G. (2002).Land Use Charge Law 2001 of Lagos State: An Overview and the Need for Property Tax Reform in Nigeria. The Lagos Journal of Environmental Studies. Faculty of Environmental Science, University of Lagos. Lagos-Nigeria.