Land Use Charge are one of those fees that you must pay if you own a property be it for personal use or business. It is an important revenue source for the State Government and Lagos State is a pioneer. The Commissioner for Finance confirms a total of N6.28billion was collected in 2012 from 622,155 properties (out of 641,132 billable properties) which by my arithmetic estimates comes to about N10,000 per property.
Lagos rakes N6.28b from Land Use Charge
Lagos State Government realised N6.28 billion from the collection of Land Use charge on properties last year, the Commissioner for Finance, Tokunbo Abiru, has said. Abiru, who briefed journalists on the activities of the ministry ahead of the sixth anniversary commemoration of the Babatunde Fashola’s administration, said the amount was an improvement over the N250million recorded in 2008. He said the feat was achieved through the comprehensive billing approach adopted by the state government. “The adoption of the comprehensive billing of enumerated properties greatly helped to push up our revenue in 2012. As a matter of details, out of a total number of 641,132 enumerated across the state, 622,155 representing 97 per cent were billed. The Nation
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