Breaking: Sanwo-Olu makes U-turn, abolishes 2018 Land use charge
Governor Babajide Sanwo-Olu

Lagos State Government has officially announced cancellation of the 2018 Land Use Charge and reverted to pre-2018 rates.

Recall that administration of former Governor Akinwunmi Ambode had repealed the initial Land Use Charge law replacing it with amended copy.

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The state Commissioner for Finance, Dr. Rabiu Olowo and his Information and Strategy counterpart, Mr. Gbenga Omotoso, on Wednesday, announced this at a media briefing in Alausa, Ikeja.

The government also announced waiver for penalties on land use charge for 2017, 2018 and 2019, which Olowo estimated to a loss of revenue totalling N5.6 billion.

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More to come later…

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