Lagos Government Reviews 2018 Land Use Charge

Lagos Government Reviews 2018 Land Use Charge

The Lagos State Government on Wednesday reviewed the 2018 Land Use Charge.

“In view of the aforementioned, the current administration decided to review the Land Use Charge law by reversing the rate of Land Use Charge to pre-2018 while upholding the 2018 method of valuation”.SPEECH DELIVERED BY THE HONOURABLE COMMISSIONER FOR FINANCE AT A PRESS BRIEFING ON THE 2020 NEW LAND USE CHARGE LAW

We considered the Land Use Charge reform very necessary to accommodate the agitations of Lagosians and reduce the financial pressure on citizens as it relates to Land Use. As you are aware in 2018, there was an increase in Land Use Charge rate as well as the method of valuation of properties, this Twin shock had a sporadic increase in Land Use Charge payable by property owners.

Gentlemen of the Press, permit me to also avail you with some of the new provisions in the new 2020 Land Use Charge Law, the importance of LUC, various channels available for payments, the complaint management process amongst others. 7. In addition to the reintroduction of the 15% early payment discount, an additional COVID 19 incentive of 10% will be granted on the total amount payable. This makes the total discount for early payment 25% if payment is made before the due date

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