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In a tweet posted on its official Twitter handle, the Lagos state government has announced a reduction in recently amended Land Use Charges. Governor Akinwunmi Ambode had earlier hinted at the willingness of the state government to modify the charges. He made this known during a parley with business leaders in the state.

Amended Charges

Commercial fee charge has been reduced by 50%. Owner occupier third party fee is reduced by 25%. Owner occupier fee charge has also been lowered by 15% .





The revised Land Use Charge had been a source of controversy as many residents had viewed the charge as exorbitant. In some cases, increases were as much as 400%. The state government had justified steep increase as due to the non revision of the law in over a decade and the need to increase revenue.

Lagosians also kicked against the inclusion of a private firm Alpha Beta to monitor the collection of the charges. The Lagos State House of Assembly has since stated the inclusion was an error.

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com


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