The Lagos State government has abolished the 2018 land use charge and reverted to pre-2018 land use charges.
The government announced this on Wednesday during a press briefing by Commissioner for Finance, Dr. Rabiu Olowo.
The government also waived penalties for land use charge for 2017, 2018 and 2019, which according to the Commissioner translates to a loss of revenue amounting to N5.6billion.
Last December, the Lagos State House of Assembly amended the law.
This was after the ad hoc committee chaired by Rotimi Olowo presented its report.
Olowo said stakeholders at a public hearing agreed that the increase was arbitrary and urged the government to revert to the status quo of the 2017 LUC.
They demanded that vacant plot of land and unoccupied properties be exempted from the LUC liabilities.
The report said in Section 1(2): “Pensioner” should be redefined to include all retirees resident in Lagos from federal, state institutions, and from both private, corporate organizations in the state.
It said increment referred to in sub-section (1) should be renewable every 10 years and that the property owner is liable to pay the LUC of any taxable property.
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The report posited that for Section 17(c) (i), there was no need for 50 percent payment by aggrieved owners over disputed charges before their eligibility to appeal.
It approved that aggrieved residents/owners pay the preceding year’s charges while the disputed charges are being resolved.
The report recommended proper classification of commercial and residential properties Lagos for the purpose of levying charges.
It further recommended 20 percent increase from the fees chargeable before the repeal of the LUC Law Ch. L79 2015.