Property owners in Lagos State and professionals in the built environment have lauded the decision of the state government to review the 2018 Land Use Charge (LUC) Act, saying that it speaks of sensitivity on the part of officials. The state’s Commissioner for Finance, Dr. Rabiu Olowo, had on Wednesday said that the current administration decided to review the Land ...
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Lagos Assembly amends Ambode’s obnoxious Property Land Use Charge Law
The Lagos State House of Assembly has passed the Property Land Use Charge Bill into Law. The House passed the bill into law at plenary session on Thursday through voice vote by members of the assembly. The House amended the Land Use Charge Law 2018 endorsed by the immediate past governor, Mr. Akinwunmi Ambode. The Speaker, Mr. Mudashiru Obasa, said ...
Read More »Court certifies lawsuit on land use charge filed by resident
A Lagos State High Court has certified a suit filed by a resident, Owolabi Rotimi, against the state, challenging the Land Use Charge (LUC) 2018, as a class action. Justice B. Oke-Lawal granted an order certifying the suit as a class action for the applicant and “all other recipients of the annual bill for Land Use Charge 2018 issued by ...
Read More »Fashola urges LASG to provide land for National Housing Programme
Babatunde Fashola, the Minister of Power, Works and Housing, has urged the Lagos State Government (LASG) to provide land for the National Housing Programme in the state. Fashola made the call at the 2018 Ramadan Lecture of the Ansar-Ud-Deen Society of Nigeria (ADS), Lagos Branch, in Lagos. He said the President Muhammadu Buhari-led administration was working assiduously towards making life ...
Read More »If we want a mortgage system that works, we need to create it by ourselves – Adeyemi
Mr. Kunle Adeyemi, the CEO of sterling homes Ltd was in an interview with one of our correspondents, Rianat. He opined that developers need to create a mortgage system that works since the one we have is not accessible. Read his interview below. NREH: What influenced your decision to go into real estate considering your background in sciences? Mr. Adeyemi: ...
Read More »LUC: UNILAG recommends rental not capital-based property assessment
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 ...
Read More »LASG forbids conversion of residential buildings to religious centers
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 ...
Read More »‘Land use charge is not focusing on the tenant but property owners’ – Ashade Akinyemi
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 ...
Read More »Experts warn Akeredolu about imposing Land use charge on Ondo residents
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, ...
Read More »Stakeholders commend Ambode over 50% LUC slash
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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