Comparative analysis of deed fees contribution to land based revenue of Anambra, Enugu, and Ebonyi states, Nigeria from 2006 to 2014
Nwafor Ifeanyichukwu Valentine, Onyejiaka Joseph Chukwudi
Sovereign Nations are empowered among other things to impose and collect taxes (fees) for different services they offer the citizenry. One of these fees is deed fee charged for land title registration. The purpose of this research is to ascertain if the deed fee reviews within the studied interval enhances the land based revenue. Over the years, successive governments in the study states namely; Anambra, Enugu and Ebonyi States have arbitrarily raised deed fee with a view to improving the Internally Generated Revenue (IGR), based on the notion that an increase in the fee payable would lead to increase in the IGR. This study tested the veracity of this belief through a comparative analysis of the deed fees payable and its contributions to the land based revenue of the States from 2006 to 2014. Descriptive statistics comprising tables, mean, variance and standard deviation was used in the analysis. Several increases in deed fee in Anambra State did not produce corresponding increases in the land based revenue, while similar increases in Enugu State led to significant increase in land based revenue. There is no specific regular interval for deed fee review in the States. Charging of equitable fee based on fair value of the land will not only induce the individual landowners to seek registration of their titles for enhanced security but also assist the government to achieve improved internally generated revenue.
Nwafor Ifeanyichukwu Valentine, Onyejiaka Joseph Chukwudi. Comparative analysis of deed fees contribution to land based revenue of Anambra, Enugu, and Ebonyi states, Nigeria from 2006 to 2014. International Journal of Multidisciplinary Research and Development, Volume 5, Issue 10, 2018, Pages 65-72