The Lagos State government is cracking down on excessive agency fees in an effort to regulate the real estate market. The target is to reduce the financial burden on tenants and buyers as well as promote transparency and accountability in the industry. This move is part of the states efforts to improve the ease of doing business and create a more favorable environment for investors. The government plans to enforce strict penalties for agents who charge above the recommended fees and also plans to introduce a regulatory framework to monitor and control the activities of real estate agents in the state.

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