The Abuja Municipal Area Council (AMAC) Monday released provisional lists on tenement rates on both commercial and residential buildings within the Federal Capital Territory (FCT), even as the Presidential Villa, government agencies, ministries and foreign embassies were exempted.
The release of the provisional lists on tenement rates which many described as outrageous was slammed on both commercial and residential buildings in the city.This is coming at a time Nigerians are still trying to find their footings as the economic recession bites harder.
The provisional valuation lists on display at the council secretariat showed that a six bedroom duplex in the Asokoro district would pay N6 million as tenement rate, while five bedroom duplex goes for N5 million and seven bedroom duplex goes for N9 million per annum, while a bungalow at Orozo, a suburb of FCT goes for N200,000.
Also, annually on the average, residential buildings in central area would pay N5 million , while Hotel likeBolingo would pay N367 million, and Elizade N25 million among others.Also, residential buildings in Guzape district would pay N4 million on the average per annum.
Tenement rate for eight bedroom duplex in Maitama district goes for N8 million , while residential building in Gwarimpa 1 and 2 and Garki 2 would also pay N1 million on the average per annum.