Federal Government of Nigeria's decision on tenament rate!

Image result for picture of tenament rate

This will definitely come as a good news to hoteliers especially, as the Federal Government has suspended the payment of tenement fees.

Hotels in Nigeria have been finding it difficult to meet up with their tax payment as a result of multi taxation. Currently, they are billed about 41 taxes of which some are duplicated.

With this current development, the pressure on hotel owners will reduce.

It was stated that the Legislators will look into the bill and decide how they can be harmonized.

Hopefully the hotels will start breaking even when this decision comes through.

Comments

Post a Comment

Popular posts from this blog

How to Start a Successful Airbnb Business in 2026

Image
  How to Start a Successful Airbnb Business in 2026 The short-term rental industry continues to evolve, offering exciting opportunities for entrepreneurs looking to generate income through vacation rentals. While competition has increased, the demand for unique, comfortable, and well-managed accommodations remains strong. Success in 2026 requires more than simply listing a property online—it involves strategic planning, exceptional guest experiences, smart technology, and a clear understanding of market trends. If you're considering entering the Airbnb business, here's a comprehensive guide to building a successful and profitable short-term rental venture. Understand Your Local Market Before investing in a property, research your target market thoroughly. Analyze local tourism trends, business travel demand, seasonal fluctuations, and competitor listings. Ask yourself: Who are the typical visitors? What types of accommodations are most popular? What amenities are guests seeking...
Read more

About Oguta and Orashi river in Imo state

One of such wonders is hiding in  Nigeria , in Imo  state, within the rainforests of the  Niger-Delta . In Imo State, there are two angry rivers flow side-by-side without ever coming together, namely Oguta Lake and Orashi river. Water flows into it mainly from the Njaba river and to a lesser degree, the  Uju ,  Awbana  and  Urashi   rivers. It is two of these rivers that flow side-by-side, parallel to each other, without ever coming together. Oguta Lake is a lean finger lake formed by the damming of the lower Njaba river, it is the largest natural lake, it is popularly known as Ogbuide while Orashi is a river of the lower Niger River basin, and a tributary of Oguta Lake and they are both in Imo State, Southeastern Nigeria The Mystery behind Orashi and Ogbuide: 2 Igbo Rivers that cannot come together no matter how you try. However the Lake Consist of two very angry rivers, called Orashi and Ogbuide. The two rivers can never mix no matter how you t...
Read more

AI and Sustainability in Hotel Management: Building a Greener Future for Hospitality

Image
  AI and Sustainability in Hotel Management: Building a Greener Future for Hospitality Sustainability has become one of the most important priorities in the hospitality industry. As environmental concerns grow and travelers become more conscious of their ecological footprint, hotels are under increasing pressure to reduce energy consumption, minimize waste, conserve resources, and operate more responsibly. At the same time, hotel operators face rising utility costs, labor shortages, and increasing competition. Balancing profitability with environmental responsibility has become a significant challenge. Fortunately, Artificial Intelligence (AI) is emerging as a powerful solution that helps hotels achieve both goals simultaneously. By leveraging intelligent technologies, hotels can optimize operations, reduce resource consumption, lower costs, and improve guest satisfaction while supporting global sustainability initiatives. In 2026, AI is no longer just a tool for automation and gue...
Read more

Why the Oguta Lake Deserves to Be Nigeria's Top Tourist Destination

Image
  Why the Oguta Lake Deserves to Be Nigeria's Top Tourist Destination Nigeria is blessed with breathtaking natural attractions, yet many remain hidden from both local and international travellers. Among these treasures is Oguta Lake in Imo State  a spectacular freshwater lake with immense tourism, cultural, and economic potential. Despite its beauty and historical significance, Oguta Lake has yet to receive the recognition it deserves. It is time for Nigeria to place Oguta Lake at the forefront of its tourism agenda. A Natural Wonder Like No Other Oguta Lake is the largest natural lake in South-Eastern Nigeria and one of the country's most fascinating freshwater bodies. Surrounded by lush vegetation and peaceful communities, the lake offers visitors a serene escape from the bustle of city life. One of its most intriguing features is its connection with the Orashi River , creating a unique aquatic ecosystem that has attracted visitors for generations. The calm waters, scenic s...
Read more
Image
                      Singapore Hospitality: A Global Benchmark for Excellence Singapore Hospitality Industry: Setting the Gold Standard Singapore has earned a global reputation as one of the world's leading hospitality destinations, renowned for its exceptional service standards, world-class infrastructure, safety, cleanliness, and multicultural appeal. Strategically located at the heart of Southeast Asia, Singapore serves as a major hub for tourism, business travel, international conferences, and luxury experiences. The hospitality sector plays a significant role in Singapore's economy, attracting millions of visitors annually through its blend of modern attractions, rich cultural heritage, and innovative tourism offerings. Key Strengths of Singapore's Hospitality Industry 1. World-Class Service Standards Singapore's hospitality industry is built on professionalism, efficiency, and customer-centric service delivery. Hotels, restau...
Read more

The World's Most Fascinating Cultural Festivals You Must Experience

Image
  The World's Most Fascinating Cultural Festivals You Must Experience Travel is about more than visiting new places—it is about experiencing the traditions, stories, and celebrations that bring cultures to life. Around the world, cultural festivals offer travelers a unique opportunity to immerse themselves in local customs, witness centuries-old traditions, and connect with people through music, dance, food, and art. From colorful street parades to spiritual ceremonies and grand historical celebrations, these festivals showcase the diversity and richness of human culture. If you're looking to add unforgettable experiences to your travel bucket list, here are some of the world's most fascinating cultural festivals you must experience. Carnival in Rio de Janeiro, Brazil Rio Carnival is one of the largest and most spectacular festivals in the world. Every year, millions of visitors gather to witness dazzling samba performances, elaborate costumes, and vibrant street parties. T...
Read more

Why Boutique Hotels Are Winning Over Modern Travelers

Image
  Why Boutique Hotels Are Winning Over Modern Travelers The hospitality industry is experiencing a shift as modern travelers increasingly seek unique, authentic, and personalized experiences. While large hotel chains continue to serve millions of guests worldwide, boutique hotels are rapidly gaining popularity among travelers who want more than just a place to sleep. They want memorable experiences, local connections, and accommodations that reflect their personality and travel style. Boutique hotels have successfully positioned themselves as the perfect solution for travelers looking for something different, making them one of the fastest-growing segments in the hospitality industry. Personalized Service Makes a Difference One of the main reasons boutique hotels are attracting modern travelers is their commitment to personalized service. Unlike larger hotels that often cater to hundreds or thousands of guests, boutique hotels typically have fewer rooms, allowing staff to provide m...
Read more
Image
  Why Every Hotel Needs an AI Strategy in 2026 Introduction The hospitality industry has always been built on exceptional service, guest satisfaction, and operational excellence. However, in 2026, achieving these goals requires more than outstanding staff and beautiful facilities. Hotels now operate in an increasingly digital environment where guests expect instant responses, personalized experiences, seamless service, and value for money. Artificial Intelligence (AI) has emerged as one of the most transformative technologies in the hospitality sector, enabling hotels to optimize operations, increase profitability, improve guest experiences, and remain competitive in a rapidly evolving marketplace. The question is no longer whether hotels should adopt AI—it is how quickly they can develop and implement a comprehensive AI strategy. Understanding AI in Hospitality Artificial Intelligence refers to computer systems capable of performing tasks that traditionally require human intellige...
Read more
Image
  How AI Is Revolutionizing Hotel Operations in 2026 The hospitality industry is undergoing one of the most significant transformations in its history. As guest expectations continue to rise and operational challenges become increasingly complex, hotels are turning to Artificial Intelligence (AI) to improve efficiency, reduce costs, enhance guest experiences, and drive profitability. In 2026, AI is no longer an experimental technology reserved for luxury hotel chains. It has become an essential operational tool for hotels of all sizes, from boutique properties and independent hotels to international hospitality brands. From automating repetitive tasks and predicting maintenance issues to personalizing guest experiences and optimizing revenue management, AI is reshaping how hotels operate from the front desk to the back office. Hotels that embrace AI are gaining a competitive advantage by delivering faster service, making smarter decisions, and creating memorable guest experiences. ...
Read more

Inside the World's Most Innovative Hotels: What Guests Want in 2026

Image
  Inside the World's Most Innovative Hotels: What Guests Want in 2026 The hospitality industry is undergoing a remarkable transformation as traveler expectations continue to evolve. In 2026, guests are no longer satisfied with simply having a comfortable bed and good service. Today's travelers seek personalized experiences, advanced technology, sustainability, wellness, and authentic connections that make every stay memorable. Innovative hotels around the world are responding by redefining what hospitality means in the modern era. The Rise of Hyper-Personalization One of the biggest trends shaping hotel experiences in 2026 is hyper-personalization. Guests now expect hotels to understand their preferences before they even arrive. Through artificial intelligence and smart data analysis, hotels can customize room settings, dining options, entertainment choices, and even local recommendations based on previous stays and guest profiles. Imagine checking into a hotel where the room t...
Read more