Tag Archives: 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 ...

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 ...

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 ...

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 ...

Barely two weeks after the Lagos State Governor, Akinwunmi Ambode signed the new Land Use Charge Law which was passed on January 28, 2018, by the State House of Assembly, to repeal and replace the Land Use Charge Law 2001. Payment of the new charge has commenced in earnest at the Opebi Branch of the Guaranty Trust Bank Plc, (GTB), Ikeja. ...

Fresh widespread opposition may await the Lagos State Government’s newly passed Land Use Charge bill; if indications emerging from the sector’s major players are anything to go by. The proposed law, which repealed the Land Use Charge Law 2001 and enacted Land Use Charge 2017 and For Connected Purposes, aimed at increasing the revenue generation base of the state by ...

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 ...

“The Lagos State Government wednesday approved 15 per cent discount for all owners of properties in the state, which would pay their land use charge between now and April 14.”- This Day The state government said it would inaugurate Ajah Flyover before May 29, revealing the plan to remove three more roundabouts in Lekki-Ajah corridor to ease vehicular movement. The ...

Land use administration in developed countries is carried out with ease and this is due to their adoption of E-government. However the situation is not the same in some developing countries and Nigeria is no exception. This article addresses concept of ICT model in Land use administration. Land remains pivotal to any meaningful development of man and his society. The ...

The Nigeria Institution of Estate Surveyors and Valuers (NIESV) has asked the Lagos State government to stop charging Land Use Charge on capital gains but on income. The association said even in charging income, some incomes are allowable. The institution said these errors have gone unchecked because its members are not involved in the administration of landed matters in the ...