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Home Business News

Ikeja NBA rejects 50% reduction in Land Use Charge

Fikayo Owoeye by Fikayo Owoeye
March 16, 2018
in Business News, Politics
Lagosians protest as Land Use Charge notices surface online
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The last may not have been heard on the reviewed Land Use Charge recently introduced by the Lagos Stae Government as the Nigerian Bar Association, Ikeja Branch has rejected the 50 percent reduction in the Land Use Charge recently reviewed by the Lagos State Government.

Adesina Ogunlana, Chairman of the Ikeja branch of the association noted that the government is not sincere with the reduction of the charge and describe the reduction as unacceptable. He further noted that the 50 percent reduction was not in line with the demands and the demands of the average Lagosians. He emphasized the need for a total reduction of the rates.

In his words:

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“Everybody knows how difficult it is to get money under the present harsh economy. So, the government should consider a total reduction”

Recall that the state government had yesterday announced a reduction in the Land Use Charge which has generated condemnation among Lagosians.

The amended charges are 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 %.

Commercial Property: Commercial Property Owner, who are undoubtedly the stakeholders mostly impacted by this amended Law will be granted 50% discount. This means a commercial property valued at N20M which was earlier billed N91,200.00 will now pay N45,600.00 per annum

— The Lagos State Govt (@followlasg) March 15, 2018

The Ikeja Branch of the Nigerian Bar Association had earlier this week embarked on a march to the Governor’s Office in Alausa, Ikeja, the state capital, carrying a banner and various placards with inscriptions lamenting over the law.


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Tags: land use chargeNigerian Bar Association Ikeja Branch
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

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