News

Obaseki Meets Revenue Directors, Prioritize Land Use Charge, Property Tax Implementation

Published

3 years ago

July 17, 2023

Editor

The Edo State Government has said that it will administer the Property Tax jointly with the 18 Local Government Areas in the State.

Addressing journalists at the end of a meeting presided over by Edo State Governor, Mr. Godwin Obaseki, Chairman, Edo State Internal Revenue Service (EIRS), John Inegbedion said the meeting became necessary to discuss the modalities for the implementation of the State’s Property Tax.

Other officials who attended the meeting include the Heads of Local Government Administration (HOLGA) and Directors of Revenue from the 18 LGAs.

The meeting, which was held behind closed doors, focused on challenges relating to the land use charge and property tax implementation.

Inegbedion noted, “Our discussion centered on the property tax in the State. With the new land use charge act that has been passed into law, we are here to have a conversation on the way forward.

“The local and State Government will be administering the property tax jointly and the details on how it will be admitted was what we discussed in the meeting with Mr. Governor.

“Mr. Governor charged the HOLGAs and revenue Directors in the local government that this is the new frontier for which local governments can sustain their revenue collection. From statistics and numbers provided by the EdoGIS, we can see how this number can change the fortune of the local government.”

Managing Director, Edo Geographic Information Service (EDOGIS), Osaro Grace Aihie, said the land use charge is not new to Edo State, noting, “We have done that before and are working on that again as the Local Government is collaborating with EdoGIS to enable us maximize the revenue coming to Edo State.

“Land is wealth and new crude oil which should be utilized maximally to get the best. We are working with the local government to stop double taxation. The land use charge is made up of property tax, tenement rate, and ground rent. We have signed a MOU and we would work together to increase the revenue of the State as the land use charge is a game changer.

“I call on the members of the public to cooperate with the government to ensure the policy of the government is implemented to benefit the people of the State.”

The Head of Local Government Administration, Esan South East LGA, Dr. Gregory Elimihele, commended the Governor Obaseki-led administration for looking for a way to improve revenue in the State and Local Governments in order to address the economic challenges faced by the people.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

5 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

6 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

8 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.