Tag Archives: LUC

A Real Estate Investor, Mr. Godswill Adum, has called for the review of the Land Use Act to meet the current realities of the country. Adum, who spoke with our Reporter in Abuja recently, said the current Land Use Act is not favourable to Farmers who had laboured to plant economic trees. He said the compensation aspect of the act ...

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 ...

On 28 January 2018, the Lagos State House of Assembly passed the Land Use Charge Law 2018 to repeal and replace the Land Use Charge Law 2001. In this article, Lekan Olofinji reports and reviews the aftermath of the LCCI organized forum for the Government and private sector on the issue of the Land Use Charge. Since the repeal and ...

Land Use Charge: Payment is only 0.076% of the 60% of the value of a Property – Real Estate Professionals …it is a more scientific and standardised payment Following the announcement of the re-enacted Land Use Charge Law (LUCL) 2018 of Lagos State, the Coalition of Real Estate Investors and Surveyors in Lagos State has revealed that after its thorough ...

Governor Akinwunmi Ambode of Lagos State says his administration is not oblivious of the controversy generated by the revised Land Use Charge Law, and is ready to dialogue to resolve the issues going forward. He spoke on Tuesday at the “Lagos State means Business” forum, where he held a parley with business owners in the state. The revised law has ...

Lagos State has enacted a new Land Use Charge Law In 2001, the Lagos State government passed the Land Use Charge Law which consolidated and replaced all the state and local government taxes payable on property in Lagos State. On 28 January 2018, the Lagos State House of Assembly passed the Land Use Charge Law 2018 to repeal and replace ...

On March 25, the Lagos State Government gave landed property owners till April 14 to pay the state Land Use Charge, or risk losing the benefit of enjoying 15 per cent discount for paying the levy. This article discusses the effects of the land use charge law on Lagosians. Conceptually, Nigeria’s economic potential is well recognized as probably the biggest ...