Estate Rent & Rates

Estate Rent & Rates 2023-08-10T08:59:52+00:00

NPA Land Administration Policy

Land Policy SOP

LAGOS PORT COMPLEX

NIGERIAN PORTS AUTHORITY LANDED PROPERTY RATES – LAGOS PORT COMPLEX
S/N PORT FACILITY LOCATION RATE (₦)/annum
2020
1 LANDS
i Developed Land LPC/Creek Rd 21,450,000.00
ii Water front LPC/Creek Rd 24,450/m2
iii Outside the Port Tarkwa Bay 1,080,000/Ha
Undeveloped Land Tomaro 1,080,000/Ha
Ogogoro 1,080,000/Ha
iv Outside the Port Tarkwa Bay 19,500,000/Ha
Developed Land Tomaro 19,500,000/Ha
Ogogoro 19,500,000/Ha
2 STACKING SPACE
i Paved LPC 2,500/m2
ii Unpaved LPC 1,800/m2
iii Paved Lilypond 1,600/m2
Container
Terminal
3 WAREHOUSE/SHED
i Warehouse/Sheds LPC 6,300/m2
4 WORKSHOPS LPC 11,050/m2
5 WORKSHOPS LILYPOND 11,050/m2
6 EXCLUSIVE USE OF
QUAY LPC 27,000/m2
7 OFFICES
i Purpose built
Commercial Offices LPC 10,800/m2
ii Purpose built Lilypond 7052/m2
Commercial Offices Container
Terminal
iii Office annexed Lilypond
to main structure Terminal 8,775/m2
iv Prefabricated offices Lilypond
inside Terminals Terminal 7,052/m2
8 CANTEEN Lilypond
Port Workers Canteen LPC 2,340/m2
9 Wayleave/Pipe Line LPC
Right of Way 2,500/m2
10 Wayleave/Pipe Line Lilypond
Right of Way 1,500/m2
11 JETTIES/PIER
LICENSE LPC 2,500/m2

NOTES

1. N15,000,000 and N19,500,000/Ha rates are N1,500 and N1,950/m2 rates of paved land which already exist in most of properties at Creek Road

2. N19,500,000/Ha is also applied to Global Resources leased property at Tarkwa Bay, this is suggested on other properties within the area

3. Wayleave/Pipe Line Right of Way is N1,250/m/1.5m width = N1,250/1×1.5m: 1m2 = N833.33, the pipe line occupies the same area as any other development and should therefore have the same rate.

TINCAN ISLAND PORT

NIGERIAN PORTS AUTHORITY LANDED PROPERTY RATES – TINCAN ISLAND PORT

S/N PORT FACILITY LOCATION RATE (₦)/annum 2020
1 LANDS
 i Outside the Port TCIPC 4,080,000/ha
           ii Water front TCIPC 24,450/m2
 iii Water front KLT 1 & 11 3,400,000/ha
iv Water front ILT 1,500,000/ha
 v Water front Land Snake Island 2,700,000/ha
2 BARE LAND 
i Bare land Snake Island 800,000/ha
ii Bare land ILT 400,000/ha
3 STACKING SPACE
  i Paved TCIP 2,500/M2
ii Unpaved TCIP 1,800M2
iii Paved KLT 1& 11 1,500/M2
iv Unpaved KLT 1& 11 1,000/M2
v Paved ILT 1,000/M2
vi Unpaved ILT 500/M2
4 WAREHOUSE/SHED
 i Warehouse/Sheds TCIPC 8,500/M2
ii Warehouse/Sheds KLT 1 & 2 4,500/M2
iii Warehouse/Sheds ILT 1,500/M2
5 CONVERTED FACILITIES
i Stacking Area converted to fabrication Yard/Workshop TCIPC 3,380/M2
ii Stacking Area converted to fabrication Yard/Workshop KLT 1 & 11 2,105/M2
 iii Stacking Area converted to factory TCIPC 4550/M2
 iv Stacking Area converted to factory KLT 1 & 11 2,500/M2
 v Stacking Area converted to factory ILT 975/M2
 vi Warehouse Converted to Workshop TCIPC 9,000/M2
  vii Warehouse Converted to Workshop KLT 1 & 11 3,750/M2
     viii Warehouse Converted to Workshop ILT 1,900/M2
  ix Warehouse Converted to factory TCIPC 12,500/M2
 x Warehouse Converted to factory KLT 1 & 11 4,300/M2
 xi Warehouse Converted to factory ILT 2,500/M2
6 EXCLUSIVE USE OF QUAY AREA
 i Exclusive use of quay area TCIPC 29,250/M2
ii Exclusive use of quay area KLT 1 &11 11,830/M2
iii Exclusive use of quay area ILT 5,850/M2
7 OFFICES
  i Purpose built commercial offices TCIP 10,800/M2
           ii Office Annexed to warehouse/Shed TCIP 7,830/M2
          iii Converted / Prefabricated offices inside Port TCIP 8,400/M2
          iv Converted / Prefabricated offices outside Port TCIP 8,500/M2
v Offices (Purpose built) KLT 1 &11 6,000/M2
vi Offices (Purpose built) ILT 4,000/M2
8 JETTIES/PIERS
Jetties/Pier License TCIP 2,500/M2

RIVERS PORT

NIGERIAN PORTS AUTHORITY LANDED PROPERTY RATES – RIVERS PORT
S/N PROPERTY TYPE LOCATION RATE (₦)/annum 2020
1 Land
i Lands Abonnema Wharf area, Harbour and Industry Road etc. 1,815,000/ha
ii Lands Adjacent to Port: Reclamation Road and Downstream area 2,904,000/ha
iii Bonny Island Bonny Island 1,694,000/ha
2 WAREHOUSES / SHEDS Inside the Port 8,800/m2
3 STACKING AREAS
i Paved Inside  Port 1,650/m2
ii Unpaved Inside Port 825/m2
4 CONVERTED FACILITIES
i Stacking area converted to workshop Inside Port 2,475/m2
ii Stacking area into factory Inside Port 3,300/m2
iii Warehouses / Sheds converted to workshop Inside Port 9,350/m2
iv Warehouses / Sheds converted to factory Inside Port 9,900/m2
v Warehouses / Sheds converted to office Inside Port 8,800/m2
5 EXCLUSIVE USE OF QUAY AREAS Inside Port 8,250/m2
6 OFFICES
i Office Shipping office block 7,700/m2
ii Office annexed converted to warehouse/shed Inside Port 6,600/m2
iii Admin block Inside Port 11,000/m2
iv Converted/prefabricated office Inside Port 5,500/m2
v Purpose built Banking Hall Inside Port 17,600/m2
vi Purpose built offices and canteens Industry Road 6,600/m2
vii Portakabin Banking Hall Inside Port 7,150/m2
7 TEMPORARY OCCUPATION LICENSE (TOL)
     
i TOL Port Harcourt area 270/m2
ii TOL Bonny 135/m2
iii Pier License  Dues PH NIL
iv Sand-winning fees NIL
v Right of way-1.5(length) 1,200/m run

ONNE PORT

SCHEDULE FOR PROPOSED 2020 RENT REVIEW EXERCISE ON NIGERIAN PORTS AUTHORITY LANDED PROPERTIES
ONNE PORT
S/N PORT FACILITY LOCATION RATE (₦)/annum
2020
1 LANDS 
 i Undeveloped Land FOT 1,650,000/ha
ii Undeveloped Land FLT 1,980,000/ha
          iii Waterfront FOT 3,300,000/ha
iv Developed Land FLT/FOT 3,600/m2
2 WAREHOUSE/ SHEDS
 i Warehouse/Shed FLT/FOT 9,200/m2
           ii Warehouse/Shed at Former OPI Works yard Former OPI Works yard 7,535/m2
3 STACKING AREAS
       i Paved FLT/FOT 2,640/m2
      ii Unpaved FLT/FOT 1,320/m2
4 CONVERTED FACILITIES
i Stacking Area converted to Workshop at FLT/FOT FLT/FOT 3,300/m2
ii Stacking Area converted to Warehouse at FLT/FOT FLT/FOT 4,400/m2
iii Stacking Area converted to Factory at FLT/FOT FLT/FOT 6,600/m2
iv Warehouse converted to Workshop at FLT/FOT FLT/FOT 11,000/m2
v Warehouse converted to Factory at FLT/FOT FLT/FOT 13,200/m2
vi Workshop FLT/FOT 10,944/m2
vii Workshop at Former OPI Works yard Former OPI Works Yard 10,944/m2
5 OFFICES 
i Administrative Block Office at FLT/FOT FLT/FOT 13,000/m2
ii Office Annexed to Warehouse FLT/FOT 7,800/m2
iii Prefab Office at FLT/FOT FLT/FOT 6,500/m2
iv Office in Former OPI Works Yard Former OPI Works Yard 6,500/m2
6 EXCLUSIVE USE OF QUAY AREAS 20,000/m2
7 REPOSSESED DEVELOPED PROPERTIES FLT/FOT 50% OF PAVED RATE
8 RESIDENTIAL PROPERTIES
i 4 Bedroom Bungalow FLT NIL
ii 4 Bedroom Semi-detached Bungalow FLT NIL
iii 3 Bedroom Bungalow FLT NIL
iv 2 Bedroom Semi-detached Bungalow FLT NIL
v 1 Bedroom Semi-detached FLT NIL
vi 1 Bedroom Studio Flat FLT NIL
9 GENERAL RATES
ii TEMPORARY OCCUPATIONAL LICENSE FLT/FOT 3,450/m2
iii SAND WINNING FEES FLT/FOT N132/m3
iv RIGHT OF WAY 1.5M (length) FLT/FOT 1,200/m run
10 TRANSIT QUARTERS
i Prodeco Camp FOT 36,000/Room annualy
ii Transit quarters FLT Gate 19,200/Room apartment
11 JETTY 1,500/m2

DELTA PORTS

NIGERIAN PORTS AUTHORITY LANDED PROPERTY RATES – DELTA PORT
S/N PORT FACILITY LOCATION RATE (₦)/annum 2020
1 LANDS
i. Land Outside New 569,100/ha
Port
ii. Land Inside Burutu 19,700/ha
Port
iii. Land Inside Koko 149,500/ha
Port
2 WAREHOUSE/
SHEDS
i. Warehouse New Port 4,300/m2
ii Warehouse Old Port 2,600/m2
iii CIS warehouse Old Port 950/m2
iv. Main warehouse Koko Port 1,500/m2
v. Back shed Koko Port 1,000/m2
vi. Open Shed Burutu Port 145/m2
vii UAC Open Shed Burutu Port 130/m2
3 STACKING AREAS
i. Paved New Port 870/m2
ii. Unpaved New Port 432/m2
iii. Paved Old Port 690/m2
iv. Consolidated/ Old Port 644/m2
stone base
v Unpaved Old Port 403/m2
vi Paved Koko Port 357/m2
vii Unpaved Koko Port 173/m2
viii Paved Burutu Port 90/m2
ix Unpaved Burutu Port 50/m2
x Consolidated/ New Port 644/m2
stone base
4 CONVERTED
FACILITIES
i. Unpaved stacking New Port 1,240/m2
area converted to
fabrication Yard/
workshop Old Port 1,100/m2
ii. Unpaved stacking New Port 4,000/m2
area converted to factory
Old Port 3,000/m2
iii Paved Stacking New Port 4,000/m2
area converted to
fabrication yard/
workshop Old Port 3,500/m2
iv. Paved Stacking New Port 4,170/m2
area converted to factory
Old Port 3,800/m2
v. Warehouse converted to New Port 7,300/m2
fabrication yard
Old Port 7,500/m2
vi. Warehouse converted to New Port 8,000/m2
factory
Old Port 6,500/m2
5 EXCLUSIVE USE
OF QUAY AREA
i New Port 6,520/m2
ii Old Port 5,233/m2
iii Koko Port 3,500/m2
iv Burutu Port 2,500/m2
6 SAND DREDGING Warri Pilotage 180/m3
(WINNING) District
7 OFFICES
i. Admin Block New Port 5,200/m2
ii. Other pupose New Port 4,500/m2
built offices
iii. Office annexed New Port 3,700/m2
converted to warehouse
iv. Pupose built Old Port 4,700/m2
offices
Koko Port 2,500/m2
Burutu Port 1,000/m2
8 PIER LICENCE Warri Pilotage 1,440/m2
DUES District
9 RIGHT OF WAY Warri Pilotage 1.5 (Length )
District by N1,200
10 ENVIRONMENTAL Warri Pilotage N135/m2
SERVICES FEE District

CALABAR PORT

SCHEDULE FOR PROPOSED REVIEW EXERCISE ON NIGERIAN PORTS AUTHORITY LANDED PROPERTIES
CALABAR PORT
S/N PORT FACILITY LOCATION RATE (₦)/annum
2020
1 LANDS
i Lands at Adiabo Outside New Port 231,000/Ha
 ii Lands Old Port 247,500/Ha
iii Developed Land New Port N1,575/m2
iv Developed Land Old Port N735/m2
v Land New Port N264,000/ha
2 WAREHOUSE/SHEDS
i Warehouse/Sheds New Port 1,352/M2
ii Warehouse/Sheds Old Port  945/M2
iii CIS Warehouse 760/M2
3 STACKING AREAS
  I Paved New Port 1,050/M2
  ii Unpaved New Port 450/M2
iii Paved Old Port 490/m2
iv Unpaved Old Port 210/m2
4 OFFICES
i Admin Building New Port 5,625/m2
ii Offices Old Port 3,375/m2
5 CONVERTED FACILITIES
  I Stacking areas converted to factory/workshop 2,040/m2
ii Warehouse/sheds converted to Factory/workshop 4,680/m2
6 EXCLUSIVE USE OF QUAY AREAS Calabar 6,000/m2
7 JETTIES Calabar Pilotage District 1,875/M2
8 SAND DREDGING Calabar River 375/M2
9 WAYLEAVES Calabar Port 1,500/m for a width of 1.5m

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