The Lagos State Government has revoked the 2018 land use charge. This was disclosed by the Lagos Commissioner for Finance, Dr Rabiu Olowo, on Wednesday. According to him, the government reverted to pre-2018 land use charges.
“The penalties for land use charges for 2017, 2018, and 2019 have also been waived, which translates to a loss of revenue amounting to N5.6billion,” he said.
The Land Use Charge Law, which consolidated all property and land-based charges in Lagos State, took effect from 2018 and repealed the Land Use Charge Law 2001, Land Rates Law and the Neighbourhood Improvement Charge Law, and introduced new charges which had received negative reactions from the public and property owners.
The rationale to revert to the pre-2018 land use charge assessment is aimed at reducing the financial pressure on citizens as it relates to land use charge.