Full Details Of Lagos State Govt. Reduction Of Land Use Charge
• Cuts commercial charges by 50%, • Reduces charges for Owner-occupier with 3rd party including industries and manufacturing concerns by 25% • Waives Penalty for Late Payments across board • Gives tax credits for LUC charges already paid • Introduces Instalmental Payment System The Lagos State Government, in its desire to build world class infrastructure and improve the well-being of its citizens reviewed the Land Use Charges payable by all property owners. This exercise was received with mixed feelings by various interest groups who expressed serious concerns. In line with this administration’s tradition of inclusive governance and civic engagement, and as a Government that is committed to the welfare of its citizens and understands the importance of continuously engaging the populace, we undertook extensive dialogue with various stakeholders on the Land Use Charge (“LUC”) revised Law and its implementation. Consequently, we received a wide range of resp...