Olowo who was speaking during the 2020 Ministerial Press Briefing to mark the first year in office of Lagos State Governor, Babajide Sanwo-Olu said that the state government plans 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 LUC.
Said he :”As we are aware in 2018, there was an increase in LUC rate and at the same time a revaluation of properties; this twin-shock had a sporadic increase in LUC assessment.”
According to him,”the soon to be revealed reform will among other things, reverse the rate to pre-2018 rate.” Olowo said that the intention of the state government was to keep economic activities of the state going.
He promised that the pre-2018 charges which will soon come into effect, and it is expected to help reduce the current economic burden of Lagosians.
”The reform also considered a flexible land use charge payment and efficient customer service management to ensure prompt issue resolution,” he said. The sudden hike in the rate of the land Use Charge by the state government in 2018 from 0.04 per cent to over 4 per cent caused a serious uproar among property owners in Lagos.
On procurement process, Olowo said that the review was simplified to reduce the bureaucracy in the state procurement process and accommodate small businesses in accordance with the Procurement Law and Guidelines.
He said that among initiatives put in place in the last one year in the area of revenue optimisation were the deployment of e-tax platform for tax operations.
Popular Posts
