Mixed Reactions Trail Lagos New Land Use Charge Law | Posted by BREAKING NEWS on MARCH 7, 2018 |

The President of the Nigeria Employer Consultative Forum (NECA), Mr. Larry E. Ettah, at a press conference, said, “The recent amendment of the land use charge law is a classic case of insensitivity, alienation and gross disregard of the current state of wellbeing of both corporate entities and residents.”

NECA hinted that the organised private sector (OPS) would do everything legal and legitimate; including social resistance, to challenge this “unfair and unjustifiable law.”

Also an anonymous resident said, “I have just received the land use charge notification for this year; it has gone up 450 per cent. I have looked at the basis for calculation and not only has the percentage rate increased from 0.394 to 0.761000, they have valued the house far in excess of its market value to maximise revenue,” the resident said.

“Who hikes taxes by 450 per cent with 11 days’ notice? To compound matters there’s a threat of penalty payments ranging from 125 per cent to 200 per cent of this bill if payment isn’t made between April and August. How on earth can we continue like this?” the resident asked.

According to the Coalition of Real Estate Investors and Surveyors in Lagos State, after its thorough analysis of the LUCL 2018, Owners-Occupiers are expected to pay a token percentage of 0.076 per cent of the value of the assessed property. https://breaking.com.ng/nigerianews2017/mixed-reactions-trail-lagos-new-land-use-charge-law/

FBIL:
Lagos! A chaotic city with electric wires criss-crossing overhead and underneath, refuse heaps everywhere and miserable humans everywhere. Thank God I'd fly from Melbourne to Enugu and reach home neatly without passing through some horror.