Lagos State Governor, Mr. Babajide Sanwo-Olu has approved the
reversal of Land Use Charge (LUC) rate to pre-2018 rate.
However, the 2018 valuation was upheld.
Former Governor Akinwunmi Ambode had in 2018 reduced all levies
for its new LUC that had attracted public outcry by 50, 25, and 15
per cent.
The state government had jacked up the charges payable by 400
per cent as enabled by the Land Use Charge Law of 2018.
However, the Lagos State Commissioner for Finance, Dr. Rabiu
Olowo, disclosed the reversal yesterday in Ikeja in his address at
the year 2020 ministerial briefing to mark the first year in office
of Sanwo-Olu.
Olowo said the state government had to review the increase in
land use charge assessment to accommodate the agitations of
residents and to reduce the financial pressure on citizens as it
relates to land use charge. According to him, the pre-2018 charges
which will soon come into effect will reflect current realities to
reduce the burden on citizens.
“The reform also considered a flexible land use charge payments
and efficient customer service management in other to ensure prompt
issue resolution,” the commissioner said.
On review of the procurement process, Olowo said, “it was
simplified in order to reduce the bureaucracy in the state
procurement process and accommodate small businesses in accordance
with the Procurement Law and Guidelines.”
He said the intention of the government is to keep economic
activities in the state going, without necessarily causing any
untold hardship that will further aggravate the present financial
hardship confronting all sectors of the state’s economy.
He added that the state achieved 106 per cent performance in the
first quarter of year2020 revenue as against budget.
Lagos State Governor, Mr. Babajide Sanwo-Olu has approved the
reversal of Land Use Charge (LUC) rate to pre-2018 rate.
However, the 2018 valuation was upheld.
Former Governor Akinwunmi Ambode had in 2018 reduced all levies
for its new LUC that had attracted public outcry by 50, 25, and 15
per cent.
The state government had jacked up the charges payable by 400
per cent as enabled by the Land Use Charge Law of 2018.
However, the Lagos State Commissioner for Finance, Dr. Rabiu
Olowo, disclosed the reversal yesterday in Ikeja in his address at
the year 2020 ministerial briefing to mark the first year in office
of Sanwo-Olu.
Olowo said the state government had to review the increase in
land use charge assessment to accommodate the agitations of
residents and to reduce the financial pressure on citizens as it
relates to land use charge. According to him, the pre-2018 charges
which will soon come into effect will reflect current realities to
reduce the burden on citizens.
“The reform also considered a flexible land use charge payments
and efficient customer service management in other to ensure prompt
issue resolution,” the commissioner said.
On review of the procurement process, Olowo said, “it was
simplified in order to reduce the bureaucracy in the state
procurement process and accommodate small businesses in accordance
with the Procurement Law and Guidelines.”
He said the intention of the government is to keep economic
activities in the state going, without necessarily causing any
untold hardship that will further aggravate the present financial
hardship confronting all sectors of the state’s economy.
He added that the state achieved 106 per cent performance in the
first quarter of year2020 revenue as against budget.