Edeson Online News: Governor Ambode Finally Reduces Lagos State Land Use Charge

Wednesday, 21 March 2018

Governor Ambode Finally Reduces Lagos State Land Use Charge

The Lagos State Government has announced the reduction in the Land Use Charge. Reports say the reduction was part of the conclusions reached at the meeting of the Lagos State Executive Council chaired by Governor Akinwunmi Ambode on Thursday (today).

The state government had jacked up the charges payable by 400% as enabled by the Land Use Charge Law of 2018.

Stakeholders had criticised the increment of the LUC, insisting that it was capable of affecting business and the general financial wellbeing of Lagos residents.

Now, commercial property owners will be granted 50 percent discount. This means a commercial property valued at N20m which was earlier billed N91,200 will now pay N45,600 per annum.

Property occupied by owner and third party and property used for industrial and manufacturing purposes will now enjoy 25 percent discount. This means that a N20m property expected to pay N30,720 will now pay N23,040 per annum.

Owner-occupied property will enjoy 15 percent discount. So, for a N20m property, this used to be N9,120. Now, it is N7,752 per annum.

Meanwhile, the penalty regime for late payment of LUC has been waived completely. Therefore, LUC payers who have received their bills will no longer be penalised for late payment of bills issued in 2018, thereby providing additional relief to LUC payers.

GUYS, THIS IS GOOD NEWS.

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FACEBOOK COMMENTS

Ify Okoye and 14 others

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Oghene Ochuko

Someone told me today thatyou pay some fees for using you own TV and radio set just the same way you pay for you own bole holes

Endy Edeson

@Ochuko: That is paid TV. As for listening to radio. From my end, it is free. I listen to all Lagos radio stations free of charge.

Oghene Ochuko

Oghene Ochuko

Mac David Akwueze

Maybe someone adviced him to do so in other not to affect him in the next election.

Endy Edeson

@Ochuko, honestly the chat is funny OR maybe, the meaning of the discussion is RELATIVE. Listening to radio in Lagos is free. As you are reading this, I am listening to Smooth FM 98.1 for free. No one is charging me for it. @David: Sure, he got advises. They have to listen to the yearnings of Lagosians