The Lagos State government on Wednesday cancelled the controversial 2018 land use charge and reverted to the pre-2018 land use charges.
The government also disclosed all accrued penalties for land use charge for 2017, 2018, and 2019, totalling N5.6bn have been waived for the debtors.
This was disclosed by the Commissioner for Finance, Dr. Rabiu Olowo at a press briefing at the Bagauda Kaltho Press Center, Secretariat, Alausa, Ikeja.
According to the commissioner, the 2018 Land Use Charge Law has now been replaced with the Land Use Charge Law 2020 which is a result of series of engagements between the government and other stakeholders.
The new law reduces the penalties for defaulters from between 25 to 100 per cent to 10 to 50 per cent; there is also a 48 per cent reduction in the annual charge rates for different properties.
“Still on reductions, another major sector that had its charge reduced is Agricultural sector, which annual charge rate for Agricultural land was reduced from 0.076% to 0.01%. This is an 87% reduction from the old rate.”
The new law also has a special COVID-19 incentive which gives 25% discount to payers who make payment before their due date.
The 2020 law also exempts retirees from private and public institutions in the state (or any person that has attained the age of sixty (60) years and has ceased to be actively engaged in any activity or business for remuneration) and their properties from the charge.
“Profit oriented cemeteries and burial grounds are no longer exempted from payment of Land Use Charge,” same thing goes for private libraries.
Olowo said, “We have completed the LUC Reform process and review of bills. Property owners should expect to receive their 2020 LUC bills shortly and we expect property owners to leverage on the 25% early payment discount.
“Furthermore, the LUC payment can now be made Online via https://Lagos.ebsrcm.com Payment can also be made using USSD Code to any of our designated banks with the appropriate code stated below:
Naija News recalls the 2018 Land Use Law was enacted under the administration of former Governor Akinwunmi Ambode and it generated a lot of negative reactions among residents of Lagos State.
Source: Naija News