The Bayelsa State Government has announced a ban on the imposition and collection of Development Levy from investors and property developers by Community Development Committees, youth organisations and related groups across the state.
According to the government, the directive takes effect immediately as part of efforts to fast track development, remove unnecessary financial burden on investors and create a more business friendly environment that will support real estate growth and economic investment.
In a statement, the government advised Community Development Committees and youth organisations to desist from demanding or collecting any form of development levy, warning that the action is in their own interest.
The government however noted that companies are still expected to carry out corporate social responsibility projects, but only within the framework of existing regulations by relevant agencies.
“Government expects full compliance, please,” the statement added.