Sodiq OyelekeLagos State Government has revoked the 2018 land use charge. This was announced by the Lagos Commissioner for Finance, Dr. Rabiu Olowo, in a press statement on Wednesday. He said the land use charges for 2017, 2018, and 2019 have also been waived. The statement quoted Olowo as saying, “In 2018, there was an increase in 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. “The 2020 LUC Law introduced a 10 per cent and 20 per cent special relief for Vacant properties and Open empty land, respectively.”

Source: Punch August 05, 2020 11:18 UTC