ikorodureporta:
'

UNIQUEISRAEL:
Bravo!!!

An average Nigerian is naturally GREEDY, we always on the receiving end(we call on the government to build roads, clear gutters and sweep the dirty streets and house corners, RUBBISH!!!), and that's why Nigeria is still underdeveloped!
Go to other develop countries, you pay charges on each car, house you have! That's why an average citizen of those countries, have only one house or car, not that they lack money in acquiring more, but the advances in charge which is tantamount to liability cost!!

We Must Grow!

Ambode, fire on, do your best!

Crystasluvee:
You buy land for 20million , u Level cuz waterlogged area with 7million, u build better structure of flats for there with amounts to 10million. 37million in total.
U get 37million to build u no get simple cash to pay annually as LUC


U still rent each 3bedroom 800,000 per year. Agent fee 80,000, agreement 80000, utility fee and damages 40,000. U dey collect such money and to pay government way owe the land be problem.

Even those way no get shop go follow show say here no be American or USA. Yet u dey pray to go there.

Na bad thing if oyinbo queue for naija embassy for our visa to come lag?



Please advice your Mr Governor to start his mega City plan for Lagos by driving out first ,the area boys and Agbeross in lagos.... I have never seen a mega city with Agberoos ok
Waka up naija.

This is why we voted and will continue to vote for good governance irrespective of party. Ambode tuale

UNIQUEISRAEL:
Bravo!!!

An average Nigerian is naturally GREEDY, we always on the receiving end(we call on the government to build roads, clear gutters and sweep the dirty streets and house corners, RUBBISH!!!), and that's why Nigeria is still underdeveloped!
Go to other develop countries, you pay charges on each car, house you have! That's why an average citizen of those countries, have only one house or car, not that they lack money in acquiring more, but the advances in charge which is tantamount to liability cost!!

We Must Grow!

Ambode, fire on, do your best!

domack99:
All they need to do is to jack up the evaluation, quote a price you can't even sell your property

ameri9ja:
Bad law. Very bad law. Ambode, u can't copy America piecemeal. It is an entire system that works together. You can't copy it here and there. It won't work. Nigeria is a different type of society. Never forget that.

UNIQUEISRAEL:
Bravo!!!

An average Nigerian is naturally GREEDY, we always on the receiving end(we call on the government to build roads, clear gutters and sweep the dirty streets and house corners, RUBBISH!!!), and that's why Nigeria is still underdeveloped!
Go to other develop countries, you pay charges on each car, house you have! That's why an average citizen of those countries, have only one house or car, not that they lack money in acquiring more, but the advances in charge which is tantamount to liability cost!!

We Must Grow!

Ambode, fire on, do your best!

wellmax:
Good one from LASG.

People should stop spreading rumors of 400% increase.

If you are a landlord, the rates are cool.

dreycomalfoy:
You get sense!!

chronique:
Who does the valuation? Where is the sincerity and honesty in government being the one to value your house and also tell you how much you are to pay as tenement rate? They'd simply overvalue your property and calculate the rate with an inflated valuation.

UNIQUEISRAEL:
Bravo!!!

An average Nigerian is naturally GREEDY, we always on the receiving end(we call on the government to build roads, clear gutters and sweep the dirty streets and house corners, RUBBISH!!!), and that's why Nigeria is still underdeveloped!
Go to other develop countries, you pay charges on each car, house you have! That's why an average citizen of those countries, have only one house or car, not that they lack money in acquiring more, but the advances in charge which is tantamount to liability cost!!

We Must Grow!

Ambode, fire on, do your best!

ikorodureporta:
'

LaudableXX:


Oh, I wish I could dash you 1,000 likes for this post! Kai, your head dey correct. That is the new gimmick Ambode's govt of exploitation has embarked upon. Will everyone who has a house in Lekki, Ikeja, Mushin, Magodo, Apapa, Ijeshatedo, Alaba etc, built according to the same specs and design, pay the same Land Use Charge? No! They will give each of them different property values, even if all the buildings have the same spec, design, plot size and layout. And they will then work out the LUC rate, based on those inflated skewed property values.

duwdu:
This infographic presents the clearest explanation I've seen yet of this new Land Use Charge law. At least one now has a basis for reviewing the provisions of the law.

Thanks for posting.

........
P34c3
.....
...

Jessam:
What if the property is empty, no landlord or tenant occupying it?

duwdu:


This infographic presents the clearest explanation I've seen yet of this new Land Use Charge law. At least one now has a basis for reviewing the provisions of the law.

Thanks for posting.

........
P34c3
.....
...

gbosaa:
What would happen to those with properties that cost more than N20m? The Otedolas, E moneys and the likes of Linda Ikeji whose house is reported to worth up to N700m?

LaudableXX:

Exactly! That is just what they have done, with the current LUC. They have come up with all sorts of badly computed estimated rates, to represent the market value of a property. Is market value not supposed to be based on a 'willing buyer-willing seller' relationship? Family houses are even now subject to LUC. They were exempted before.


May you live long! May the wisdom God gave you never diminish!

COMPAQ:
If the calculation shown is correct then perhaps all the negativity around it is misplaced. Meaning if you are living in your own house worth N60mln, you will only pay about N28k? That's not unreasonable at all!!

LaudableXX:


The average Lagosian landlord's house does not cost up to 700 million. Yet the new LUC rates, penalises them heavily. Go and check.

UNIQUEISRAEL:
Bravo!!!

An average Nigerian is naturally GREEDY, we always on the receiving end(we call on the government to build roads, clear gutters and sweep the dirty streets and house corners, RUBBISH!!!), and that's why Nigeria is still underdeveloped!
Go to other develop countries, you pay charges on each car, house you have! That's why an average citizen of those countries, have only one house or car, not that they lack money in acquiring more, but the advances in charge which is tantamount to liability cost!!

We Must Grow!

Ambode, fire on, do your best!

LaudableXX:

Use your brain, please! God gave it to you for a specific purpose! Is it all landlords in Lagos, that were given the same amount as LUC charge? That advert was filled with lies and half-truths. Do your research. How did they arrive at the property value for each building?

A person paid 78,000 naira as Land Use Charge last year, and is being asked to pay almost 400,000 naira as LUC charge this year, how much percentage increase is that? I have the paper right here on my desk, as we speak. Why do you swallow every lie that Ambode's govt tells you?

duwdu:
Please take it easy. It's honestly should not be views in percentage terms. The real issue should be: Was that 70k paid last year realistic for the area concerned? If it is, I'll have no issues with your argument. The reality, though, is that someone with a choice property in, say, Ikoyi, should not expect to continue to get away with paying the 7k he/she's been paying, same as his/her counterpart with property in Ajegunle!

Of course, the Ikoyi person can play on statistics and say the "1000%" increase is oppressive, but we all know who the real oppressor is.

Don't get me wrong...I'm affected and hit, as well, but there's no chance in hell one fee fits all, and a means of assessing the value of a property is always needed. Let's just hope the government thinks it more humane to just bring down the overall percentages chargeable.
........
P34c3
.....
...

gbosaa:



I was just wondering if those ‘big boyz’ at VGC, Banana island etc would pay the same.

It doesn’t make sense for ‘premier league boys’ paying the same rate as those in ‘conference and league one’.

I think this new law will get new landlords paranoid about going to Ovation and other media to flaunt and celebrate their new cribs cos amongst the guests will be spys from Ambode office with notes, pens and other equipment measuring and evaluating the size of the swimming pools, cost of interlocking tiles, marbles etc. Even the nouveau riche would think twice before embarking on properties in Lagos.

COMPAQ:
If the calculation shown is correct then perhaps all the negativity around it is misplaced. Meaning if you are living in your own house worth N60mln, you will only pay about N28k? That's not unreasonable at all!!

wellmax:
You are a total illiterate, wellmax. Nothing more