Lagos State Introduces Monthly Rental Policy to Ease Hardship on Residents
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Real estate experts in Nigeria are highlighting the economic potential of housing as an investment and urging the government to drive the economy through the real estate sector. They emphasize the role of housing in job creation, income distribution, and poverty alleviation. The World Bank suggests that housing can be a macroeconomic development tool, boosting productivity and utilizing resources. With Nigeria's growing population, there is an increased demand for land, which has become a vital tool for generating revenue.
To maximize revenue and promote economic growth, the experts call for a review of land charges, enhanced access to land, and the enforcement of property taxation. They stress the importance of political will in implementing these measures. By harnessing the potential of...
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