The Lagos State Government said it will soon release a reform that will include the reversal of the Land Use Charge (LUC) to the pre-2018 rate. The Commissioner for Finance, Dr. Rabiu Oluwo made this known on Wednesday, during the 2020 Ministerial Press Briefing in Lagos to mark the first year in office of Gov.
The Lagos State Government said it will soon release a reform that will include the reversal of the Land Use Charge to the pre-2018 rate.
According to the commissioner, the intention of the state government was to keep economic activities of the state going. “This was done without causing any untold hardship that would further aggravate the present financial hardship confronting all sectors of the state’s economy. Oluwo further explained that the review was made flexible enough to reduce the bureaucracy in the state procurement process and also accommodate small businesses in accordance with the Procurement Law and Guidelines.
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