introduce – 9japroperty http://9japroperty.com.ng All you need to know about properties Mon, 28 Nov 2016 12:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.4.15 Introduce routine maintenance for Lagos-Ibadan road, FG told http://9japroperty.com.ng/introduce-routine-maintenance-lagos-ibadan-road-fg-told/?utm_source=rss&utm_medium=rss&utm_campaign=introduce-routine-maintenance-lagos-ibadan-road-fg-told http://9japroperty.com.ng/introduce-routine-maintenance-lagos-ibadan-road-fg-told/#respond Mon, 28 Nov 2016 12:30:00 +0000 http://9japroperty.com.ng/?p=5499   The House of Representatives Committee on Works has said that the Lagos-Ibadan Expressway should be given routine maintenance after its rehabilitation in order to avoid it reconstruction in a few years to come. The Chairman of the committee, Mr. Toby Okechukwu, said this during an inspection of the road by members of the committee. […]

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The House of Representatives Committee on Works has said that the Lagos-Ibadan Expressway should be given routine maintenance after its rehabilitation in order to avoid it reconstruction in a few years to come.

The Chairman of the committee, Mr. Toby Okechukwu, said this during an inspection of the road by members of the committee.

He stated that although there had been delays on the project, enough progress had been made, adding that the committee would address the issue of introduction of weighbridges and warehouses, which was suggested by the project manager.

Okechukwu said there would be alternative routes for commuters during the festive period to ease the flow of traffic.

According to Wolfgang Panzei, the project manager, the issue of lack of maintenance will make the road to deteriorate and also affect its lifespan.

Okechukwu said that there was a bill presently in the House on the issue of maintenance of roads, which would be dealt with in a short while.

The Deputy Chairman of the committee,Abubakar Amuda-Kannike, urged the contractor not to extend the time of contract in order for commuters to start benefitting from it as funds had been made available for the continuation of the project.

PUNCH.               

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Recession: Lagos to introduce monthly payment on houses http://9japroperty.com.ng/recession-lagos-introduce-monthly-payment-houses/?utm_source=rss&utm_medium=rss&utm_campaign=recession-lagos-introduce-monthly-payment-houses http://9japroperty.com.ng/recession-lagos-introduce-monthly-payment-houses/#respond Tue, 11 Oct 2016 11:21:05 +0000 http://9japroperty.com.ng/?p=5094 In a bid to cushion the effects of economic recession in the country, the Lagos State Government has perfected plans to introduce monthly payment plan on its Home Ownership Mortgage Schemes popularly called Lagos HOMS across the State. The State Governor, Akinwunmi Ambode, who stated this after embarking on an extensive inspection tour of projects […]

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In a bid to cushion the effects of economic recession in the country, the Lagos State Government has perfected plans to introduce monthly payment plan on its Home Ownership Mortgage Schemes popularly called Lagos HOMS across the State.

The State Governor, Akinwunmi Ambode, who stated this after embarking on an extensive inspection tour of projects across the State, said his administration has decided to scale up the rent-to-own policy by introducing monthly payment plan whereby people can pay monthly instead of being compelled to make a down payment of 30 percent of the total cost or pay for one year.

“We believe strongly that people should be able to pay one month rent and live in our housing schemes. We don’t think in a recession, we should be having a situation where we allow people to come and buy when they don’t have money or to come and pay one year rent. We think the way to move forward is to allow these our younger ones to just pay one month deposit and pay one month rent and move into the houses and then more or less play up our rent-to-own scheme,” Governor Ambode said.

While speaking on the pocket-friendly initiatives of his administration on housing, Governor Ambode said the State Government has taken time to review its mortgage schemes vis-à-vis its financial flow, adding that many ongoing housing schemes have reached advanced stages of completion, and that they would be rolled out in a matter of months. The Governor, who inspected the Illubirin Housing Scheme in Lagos Island, said government, in partnership with private sector, is making arrangement to transform the scheme into a live, work and play environment.

“In addition to that, the other housing projects that we are doing are on course and I want to assure Lagosians that in the next few months, we will be seeing a whole lot of housing units being rolled out,” the Governor said.

On his part, the State’s Commissioner for Housing, Mr. Gbolahan Lawal, debunked insinuation that the Illubirin Housing Scheme had been abandoned, saying that government was rather working to improve on the project which is sitting on 28 hectares. He recalled how the project started under the administration of former Lagos State Governor, Asiwaju Bola Ahmed Tinubu with sand filling, while his predecessor, Mr. Babatunde Fashola carried on with the project. He said:

“Now, under the administration of Governor Ambode, we want to scale it up and the idea is to make this place a live, play and work environment and so we are projecting 500 units instead of the 1,260 that the scheme was formerly designed for. We believe government funds should be deployed to some other sites that we are working on and to also come up with new designs and new buildings and so instead of government to recapitalize this project, we are working with the private sector and the investor that has come up is investing about $500 million.”

According to Lawal, about five hectares of the Illubirin scheme would be dedicated for leisure, while there would also be commercial activities, as well as flyover which would be constructed. He said the State Government is already working with the Federal Ministry of Works and the Ministry of Waterfront in that regard, adding that the flyover would be on another phase. He also said that all the phases of the scheme are expected to span between five to seven years, but that there would be a lot of improvement on the project before May 2019. Governor Ambode also inspected the ongoing construction of a lay-by and slip road into Isheri Olowora at Berger bus-stop.

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Labour to government: introduce property tax http://9japroperty.com.ng/labour-to-government-introduce-property-tax/?utm_source=rss&utm_medium=rss&utm_campaign=labour-to-government-introduce-property-tax http://9japroperty.com.ng/labour-to-government-introduce-property-tax/#respond Sun, 03 Jan 2016 09:36:24 +0000 http://9japroperty.com.ng/?p=4028 The Nigeria Labour Congress (NLC) yesterday advised both the federal and state governments to impose taxes on porperties in the country as a way of boosting internally generated revenue (IGR) and cushioning the effects of falling oil prices in the international market. The workers also lamented that the rich hardly pay taxes in the country, […]

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The Nigeria Labour Congress (NLC) yesterday advised both the federal and state governments to impose taxes on porperties in the country as a way of boosting internally generated revenue (IGR) and cushioning the effects of falling oil prices in the international market.

The workers also lamented that the rich hardly pay taxes in the country, urging the government to step up its game in the area of tax collection.

Reviewing activities of last year in Abuja, its President, Comrade Ayuba Wabba lamented that there are several estates built all over the country unoccupied, adding that such estates were proceeds of illicit deals.

He said: “Our business elite and multinational companies are notorious for evading taxes. The federal and states revenue services need to step up their game by identifying those that had not been paying taxes and get them to do so efficiently in the New Year.

“Government needs to impose property tax on the several hundreds of flashy estates and other structures in Abuja and several state capitals across the country. Some of these structures have laid unoccupied for years, making us to believe that they are properties developed with laundered funds.”

He lamented that it was regrettable that the effort of the leadership of the Senate to review downwards their wages and allowances was shut down by the entire Senate, adding that business in the National Assembly, as in virtually all other tiers of government, is continuing as usual with the political elite not willing to make any sacrifices that will affect their comfort zone.

Wabba said if the legislators failed to reduce their jumbo pay, the Congress will mobilise mass protest against them.

He said: “It is shocking that our lawmakers at the national level – Senators and members of the House of Representatives – would continue with the bizarre ostentatious standards they have set for themselves, for spending our collective patrimony.

“The planned purchase of 496 exotic cars costing several billions of naira, after getting car allowances, is not only outrageous but a mark of the manifest insensitivity of our legislators in the period of severe famine in the land.

“How can we, poor working people, millions of the unemployed and the poor masses, be expected to tighten our belts, while those supposedly elected by us to manage and provide succour for our collective wellbeing intend to live like emperors at a time that our economy is facing serious challenges?

“We call on the leadership of the National Assembly to remove this item from the budget for the National Assembly, and in the spirit of accountability and transparency, begin to make public the budget of the legislature. Failure to do this, NLC will in the New Year mobilise mass action against the National Assembly on these issues.”

The NLC said the 50 kobo reduction in the price of petrol announced by the government is a gimmick and an International Monetary Fund (IMF) inspired fuel price deregulation which will, in the long run, hurt the people.

Wabba said while the NLC commends the efforts of President Muhammadu Buhari’s administration at getting the refineries capacity utilisation levels increased, he urged the government to be more creative in expanding local refining capacity by building decentralised modular refineries.

He said: “The current 50 kobo reduction in fuel price is obviously a gimmick. The pathway of international financial institutions which the current fuel subsidy removal act is taking will lead to increases in fuel pump price and attendant worsening of the hardships of poor working people.

“The state of Texas alone in the United States of America, has 26 refineries with a capacity of refining 4.72 million barrels per day. As a national priority, we must work to establish without any further dragging of our feet, modern refineries that will provide 100 per cent of our national needs.

“What we are against is the IMF-inspired fuel price deregulation.”

The NLC said the fate of the Chibok girls will always remain a litmus test of the victory of the state in the war against Boko Haram and expressed concern that there is no information about their possible whereabouts, asking the government to redouble its efforts at finding the school girls.

The Congress lamented that certain political and judicial office holders who are far less than 18,000 persons are earning an astonishing N1.126 trillion annually, pointing out that it is unfortunate that the National Assembly have refused to reduce their allowances as a way of reducing the cost of governance.

Wabba lamented that only eight of the 36 states of the federation are complying with the provisions of the Contributory Pension Act by paying the Retirement Savings of their workers, while another six states have commenced funding of their retirement benefit bond redemption fund accounts.

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