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Tag: Land Tenure

Understanding Tenement Rate in Nigeria [Buyer Beware]

Posted on August 14, 2021 By thTV Admin, Owerri No Comments on Understanding Tenement Rate in Nigeria [Buyer Beware]
Understanding Tenement Rate in Nigeria [Buyer Beware]

“Most of the lands supposedly acquired in the 40s, 50s and 60s in Lagos on a 99year lease are coming to an end”. [ultra_list list_type=”ultra-list1″] [ultra_li]If you have ownership of a piece of land , why paying tenement rate? [/ultra_li] [ultra_li] Are land truly sold in Nigeria or are we simply selling 99year leaseholds ?…

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