March 2, 2018

The Lagos Chamber of Commerce and Industry (LCCI), is set to hold a dialogue session that will renegotiate grey areas in the new Land Use Charge Law of Lagos State.

This was disclosed in a statement signed by Mr Muda Yusuf, Director-General of LCCI on Friday in Lagos.

Yusuf said that the session, scheduled for March 9, would examine the provisions of the recently-passed law viz-a-viz its implications for residents and businesses operating in Lagos State and its environs.

“In continuance of its Public Policy Advocacy Initiative, it behoves the LCCI to provide a platform, such as this, to aggregate the views of stakeholders (both public and private) on the new Land Use Charge Law in Lagos, which has generated heated debates in the public space.

“This platform will enable stakeholders in Real Estate, Construction and other related sectors to engage the Lagos State Government on the recently-passed Law and re-negotiate its grey areas,” he said.

Yusuf added that seasoned Professionals, Leaders of Businesses in the Private Sector and top Public Sector Officials would be available to dialogue with participants at the event.

The News Agency of Nigeria (NAN) reports that Lagos State Government recently repealed its 2001 Land Use Charge Law, and replaced it with a new Land Use Charge Law, 2018.

The State House of Assembly had passed the bill on Jan. 29, while the Governor signed the bill into law on Feb. 8.

Based on this law, new rates were sent to residents and those that have received their bills claim that the land use charge was an increase of between 150 and 300 per cent over the 2017 rates.