Lagos state government has revoked the 2018 land use charge and has reverted to pre-2018 land use charges.
The move was disclosed on Wednesday during a press conference addressed by the state commissioner for Finance, Dr. Rabiu Olowo at the Bagauda Kaltho Press Center, Secretariat, Alausa, Ikeja.
According to Olowo the new Land Use Charge Law 2020 unlike in the 2018 law pensioners now include 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 are exempted from paying land use charge.
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.
Also “profit oriented cemeteries and burial grounds are no longer exempted from payment of Land Use Charge,” same thing goes for private libraries.