Land Use Charge: Lagos to address concerns of residents this week (ThisDay)

Land Use Charge: Lagos to address concerns of residents this week (ThisDay)

Amid the sustained public objection to the enforcement of the recently enacted Land Use Charge (LUC) Law, the Lagos State Government Monday said that it would ameliorate the concerns of stakeholders in the state, mainly business executives and captains of industries, this week.

Since the state government started issuing new LUC notices to residents in Lagos, there has been a massive outcry over the astronomical increment in the charge, especially among residents in highbrow areas of the state who are the worst hit.

The state government defended the new charge, saying it needed to raise its internally generated revenue (IGR) to close the infrastructure gap in Lagos, noting that it would require at least $50 billion in the next five years for this purpose, with the exclusion of the education, health and housing sectors. Read more 

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