GOVERNMENT SPECIAL ANNOUNCEMENT
Key TakeawaysAI summary
- Bayelsa bans community groups from levying development fees on investors.
- The move aims to speed development and ease business costs.
- Companies must still do CSR projects under existing regulations.
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The Bayelsa State Government has banned imposition and collection of Development Levy from investors and property developers by Community Development Committees (CDC), youth organisation and related groups in the state forthwith. rnrnThis is part of government’s commitment to fast tract development, prevent extra burden on investors and promote business friendly environment.rnrnIn view of this, Community Development Committees, youth organisations are hereby advised to desist from demanding or collecting development levy in their own interest.rnrnHowever, companies will continue to undertake corporate social responsibility projects within the framework of regulations by relevant agencies.rnrnGovernment expects full compliance, please. rnrnHon. Ebiuwou Koku-ObiyairnHon.
Commissioner for Information, Orientation & Strategy
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