By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: FCT Minister Plans Ground Rent Review Amid Revenue Collection Challenges
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > Real Estate News > FCT Minister Plans Ground Rent Review Amid Revenue Collection Challenges
Real Estate News

FCT Minister Plans Ground Rent Review Amid Revenue Collection Challenges

Hakimah Dada
Last updated: 2025/05/28 at 3:20 PM
Hakimah Dada Published May 28, 2025
Share
SHARE

The Federal Capital Territory is set to experience a potential adjustment in ground rent charges, as Minister Nyesom Wike signals plans to revisit existing rates. This move comes as the FCT Administration intensifies efforts to boost internally generated revenue and enforce compliance with statutory payments.

Speaking during an inspection tour of infrastructure projects within Abuja on Wednesday, the minister expressed concern over widespread noncompliance by property owners, many of whom, he noted, have not paid ground rents for up to two decades. Wike stated that despite the increasing demands for public services and infrastructure, many residents neglect their financial obligations to the government.

Earlier in the week, the administration commenced enforcement actions by sealing properties of defaulters. Among those affected were high-profile institutions such as the PDP National Secretariat, NAPTIP headquarters, an Access Bank branch, the FIRS, and a TotalEnergies filling station.

The clampdown drew strong reactions from affected organizations, including the Peoples Democratic Party and the Federal Inland Revenue Service, both of which criticized the method and timing of the actions. However, the presidency intervened by granting a 14-day window to allow affected property owners to settle outstanding dues, along with associated penalties ranging from N2 million to N3 million based on property locations.

AIHS to Host Under-40 Real Estate CEOs for Capacity Building, Networking

Wike, in his remarks to journalists, emphasized that Abuja’s development depends heavily on taxes, given its lack of oil revenue. He lamented that many of those who default are familiar with tax regimes abroad but fail to show the same respect for obligations within Nigeria.

“These ground rents have remained unchanged for years,” he said. “People living abroad know the consequences of not paying property taxes those properties are seized. Yet here, they behave as though enforcement is optional. We’re changing that.”

He warned that the FCTA would not bow to pressure or political pushback in its mission to enforce financial accountability. “Attempts to use intimidation or public sympathy won’t stop us from doing what must be done,” he added.

Wike also revealed that more than 1,500 land title documents had recently been signed under his leadership, urging property owners to see tax compliance as their contribution to national development.

“Residents should understand that every road, school, and hospital we build is funded through their contributions. When you pay your dues, you empower us to serve you better,” the minister concluded.

You Might Also Like

Abuja PDP Headquarters Remains Sealed Despite Presidential Directive

Minister Wike Refutes Suicide Bombing Claims, Cites Accidental Detonation

Nigeria’s Housing Hopes Dim Amid Inflation and Soaring Rent

FMBN Injects N46.9 Billion into Housing Projects in Abuja and Lagos to Tackle Home Shortage

FG Sets Up 12-Member Panel to Evaluate and Repurpose Seized Abuja Housing Estate

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: FCT, Ground Rent, Nyesom Wike, real estate, urban development
Hakimah Dada May 28, 2025 May 28, 2025
Share this Article
Facebook Twitter Email Print

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?