Property Tax – InfoStride News

Lagos Can Generate N1tn Annually from Property Tax, Says Oyedele

Temitope Nlewemchi — Wed, 24 Dec 2025 14:48:26 +0000

Lagos State has the potential to generate as much as N1 trillion annually from property taxation if its property tax system is properly structured and efficiently implemented, according to tax expert and fiscal policy advocate, Taiwo Oyedele. He made the assertion while speaking on the need for subnational governments to unlock sustainable revenue sources amid [...]

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Renewed Hope: Harnessing the Power of Property Related Taxes in Nigeria by Ayo Alli-Balogun

Adewale A. — Fri, 15 Mar 2024 13:37:23 +0000

Landed properties have proven to be one of the most visible indicators of personal wealth. As they are easily identified and immovable, it makes generating revenue from them relatively easy for both landlords and governments. In most OECD countries, property taxes account for 1-2% of their Gross Domestic Product (GDP), while in other countries collection [...]

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