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Tag Archives: Land use charge

LUC: UNILAG recommends rental not capital-based property assessment

LUC

The Department of Estate Management in the Faculty of Environmental Sciences, University of Lagos (UNILAG) has volunteered to assist the Lagos State Government to enthrone sustainable Land Use Charge  (LUC) Administration to resolve the current impasse. This is in line with what the Vice-Chancellor of the University, Professor Oluwatoyin Ogundipe described as desirable engagement between Town and Gown. Bennett Oghifo ...

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LASG forbids conversion of residential buildings to religious centers

Lagos

Lagos State Government on Monday accused some property owners of converting their residential buildings into religious centres in order to avoid paying the Land Use Charge (LUC). The state’s Commissioner for Home Affairs, Dr. Abdulhakeem Abdullateef who stated this at the annual Ministerial Press Briefing to mark the third year in office of Governor Ambode’s administration warned those indulging in ...

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‘Land use charge is not focusing on the tenant but property owners’ – Ashade Akinyemi

property owners

The re-enacted Lagos State Land Use Charge continues to draw criticisms despite a reduction of the rates by the state government. Commissioner of Finance/Economic Planning and Budget, Lagos state Mr. Ashade Akinyemi in this interview said the law is focused on property owners not tenants. Read how he threw more light on the controversial law. Why is the Lagos state ...

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Experts warn Akeredolu about imposing Land use charge on Ondo residents

Akeredolu

Experts in Ondo State, under the umbrella of Association of Professional Bodies of Nigeria (APBN) have kicked against Governor Akeredolu’s proposed Land Use Charge. The stakeholders cautioned Governor Oluwarotimi Akeredolu to drop the idea of imposing land use charges on residents in the face of the current economic hardship. The Chairman of the Association of Professional Bodies of Nigeria, APBN, ...

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Stakeholders commend Ambode over 50% LUC slash

LAND USE CHARGE (LUC)

Governor Akinwunmi Ambode of Lagos State has been lauded for approving the downward review of the amended Land Use Charge Law 2018 to 50 percent for commercial property as well as other LUC waivers that will give economic succour to owners of property and taxpayers in Lagos State. Lagos State Commissioner for Finance, Mr Akinyemi Ashade, at a media briefing ...

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Ambode announces reduction on land use charge following backlash from Lagos residents

Land use charge

The Lagos State government has announced a reduction of rates in its controversial new Land Use Charge Law following public backlash that has trailed the act. The reduction was announced by the state government after the decision was reached at an executive council meeting on Thursday, March 15, 2018. According to the state government, commercial fee charge is reduced by ...

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Commissioner for finance analyses the benefits of Land use charge

Land use charge

Amid the complaints about the new Lagos State Land Use Charge, the Commissioner for Finance, Akinyemi Ashade, says an aggregated tax that has combined three erstwhile separate taxes namely tenement rate, ground rent and neighbourhood improvement levy into one. Ashade, who noted on Tuesday in Lagos that Land Use Charge had been trending for the wrong reasons, recently said that ...

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NIESV reacts to the new land use charge bill

NIESV

Since the Lagos State House of Assembly passed the new Land Use Charge bill on the 29th January 2018 and the Governor of Lagos State, Akinwunmi Ambode signed the bill into law on the 8th February, 2018, the law has received varied opinions from the populace. We have received several calls from stakeholders as custodians of physical assets and managers ...

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LASG promises to tackle $50bn infrastructure deficit with the proceeds of land use charge

LASG to tackle infrastructure deficit with the proceeds of land use charge

The Lagos State Government on Tuesday said that it would channel proceeds of its new Land Use Charge (LUC) to tackle $50 billion infrastructure deficit within the next five years. Mr Akinyemi Ashade, the state Commissioner for Finance and Special Adviser to the Governor on Taxation and Revenue, said this at an interactive session with journalists in Alausa, Ikeja. He ...

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