Professionals in Nigeria’s built environment are proposing more accurate valuation of properties and other assets as a way for governments to widen the tax base and increase internally generated revenue.
They say reliable property values could help authorities identify taxable assets more accurately and strengthen economic planning.
The professionals argue that bringing valuers more directly into government revenue planning could provide better data on the value of properties and other assets and improve the assessment of property-related taxes.
On Nigeria’s housing deficit, they are also calling for improved access to land and an expansion of site-and-services schemes to support housing development.
Beyond conventional property, the professionals identify digital assets, data centres, telecommunications infrastructure, carbon credits, intellectual property and natural capital as emerging areas of valuation that could open additional revenue opportunities.
(Follow AIT News on WhatsApp, AfricaIndependentTV on YouTube, ait_online on Facebook and X (Formerly Twitter), and officialait on TikTok, Instagram and Threads)
Editor: Ada Ononye
