Land Tax and Land Taxation in Nigeria
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Date
2023
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Journal of the Department of Private and Property Law, Faculty of Law, Redeemer's University, Ede, Nigeria
Abstract
As modern economists put it, land is a free gift of nature but rated the most valuable factor in determining the growth of economy of any Nation. Generally, land contains any ground, soil or earth whdtsoever which includes fields, pastures, woods, moors, waters, minerals and rock. It has length and breadth with its volume extends upwards to infinity and downwards to the Centre of the earth.Apart from being the most important factor of production, land is a source of revenue generation to the government at all levels. Its contribution to the growth of any economy cannot be over-emphasized till extend that legislation has to be made for its proper management. This paper has examined land taxation and its advantages in Nigeria, also analysed its contribution towards the development of economic growth to all tiers of government in Nigeria