LAGOS REDUCES LAND USE CHARGE RATES, WAIVES PENALTY FOR LATE PAYMENT

 

Commissioner for Finance, Mr. Akinyemi Ashade (2nd right); his counterpart for Information and Strategy, Mr. Kehinde Bamigbetan (right); Attorney General & Commissioner for Justice, Mr. Adeniji Kazeem (2nd left) and Special Adviser to the Lagos State Governor on Lagos Global, Prof. Ademola Abass (left) during the media briefing on the reduction of the Land Use Charge at the Bagauda Kaltho Press Centre, the Secretariat, Alausa, Ikeja, on Thursday, March 15, 2018.

…Grants 50% Reduction On Commercial Charges, 25% For Owner-Occupier, Manufacturing Concerns

… Gives Tax Credit For Payment Already Made, Introduces Instalment Payment Plan

 

Following extensive deliberations with stakeholders on the new rates payable by property owners under the Lagos State Land Use Charge (LUC) Law, the State Government on Thursday announced a major reduction in the rates and as well waived the penalty for late payments across board.

 

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