The Lagos State Government has revoked the 2018 land use charge.
The state’s Commissioner for Finance, Dr Rabiu Olowo, who disclosed this on Wednesday, said the government reverted to pre-2018 land use charges.
READ ALSO: Lagos Govt To Reverse Land Use Charge — Commissioner
He also said the penalties for land use charges from 2017 to 2019 have also been waived, translating to a loss of revenue amounting to N5.6billion.
“In 2018, there was an increase in the Land Use Charge rate as well as the method of valuation of properties, this shock had a sporadic increase in Land Use Charge payable by property owners. 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.
“The reform also considered multiple Land Use Charge payment channels and efficient customer service management by setting up a call centre in other to ensure prompt issue resolution,” he explained.
