The Lagos State Commissioner for Finance, Dr. Rabiu Oluwo, on Wednesday, June 3, disclosed that the state government would soon unveil a reform to ensure the reversal of the land use charge to the pre-2018 rate.
Oluwo made this revelation during the 2020 Ministerial Press Briefing to mark the first year in office of Governor Babajide Sanwo-Olu’s administration.
The Lagos Commissioner said the state government had 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 related to LUC.
He said: “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.
”The soon to be revealed reform will among other things, reverse the rate to pre-2018 rate.”
The commissioner said the intention of the state government was to maintain economic activities in the state.
He further explained that the move by the Lagos Government was necessary; in order to reduce the burden on the citizenry which has been exacerbated by the COVID-19 pandemic.
”The reform also considered a flexible land use charge payment and efficient customer service management to ensure prompt issue resolution,” Oluwo added.
Meanwhile, the Lagos state government has said work will begin in the first quarter of next year on the 38-km-long Fourth Mainland Bridge between Lagos Island the mainland.
Specifically, the announcement was made on Tuesday, June 2, by Obafemi Hamzat; the deputy governor of Lagos State, during an online conference.
Further, he described the Fourth Mainland Bridge, which would be the longest in Africa; as the key to easing traffic congestion in Nigeria’s commercial capital.
Equally important, Hamzat noted that the Fourth Mainland Bridge would run across Lagos lagoon by way of Lekki.
Meanwhile, the project was proposed in 2006 and a sum of $2.2bn was earmarked for it in the 2017 budget of Lagos State. However, work has always been delayed by problems in finding the best route through the densely populated city.
Nevertheless, when complete, it is expected to carry four lanes of traffic and help to ease the load on the Lekki-Epi expressway.