Lagos State cancels the Land Use Charge which translates to loss of N5.6Billion

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In a bid to make life easier for residents, the Lagos State Government has cancelled the 2018 land use charge and reverted to pre-2018 land use charges.

This was announced by the government at a briefing by Commissioner for Finance, Dr Rabiu Olowo, on Wednesday.He said, “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.

“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.


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