FG urged to review fiscal policies

A Real Estate Developer, Prince Laja Adeoye, has called on the federal government to review fiscal policies to enhance purchasing power in Nigeria.

He stated that the review of fiscal policies will help Nigerians have more income to spend and invest.

In a statement by the developer, who is also the Managing Director of Fendini, made available to journalists on Wednesday, Adeoye said policies including exemptions on capital gains tax can encourage investment, adding that excessive taxation can discourage investment and hinder growth of the economy.

He further urged the government to curb inflation and promote property ownership among Nigerians.

“There is a need for the federal government to review fiscal policies to enhance purchasing power in Nigeria. This will help Nigerians have more income to spend and invest.

“Policies such as exemptions on capital gains tax can encourage investment while excessive taxation can discourage investment and hinder growth of the economy,” he said.

Adeoye, who is also the developer of a new estate in Ibadan, Rayfield Gardens City Estate, announced plans by its management to build a love garden as part of the organisation’s recreational development for residents.

He said, “We are thrilled to announce that we will be building a love garden within the estate, where residents can relax and enjoy a beach-like experience, complete with palm trees, green grass, and white sand, all set in a beautiful ambience.”

“Rayfield Gardens City Estate is a proposed estate with a unique blend of commercial and residential facilities, including a school, hotels, a super mall, a hospital, and an international conference centre.

“The estate is undergoing rapid development, with infrastructure such as paved roads, solar-powered street lights, drainage, and electricity installation already in place.”

Prince Adeoye assured residents and potential subscribers that the estate will provide the best value for their investment, promising to remain a top choice for a long time.

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