Lagos rakes in N6.28b from land use charge

Lagos rakes in N6.28b from land use charge
May 27, 2013 Leaders Hub

A TOTAL sum of N6.28 billion have been realised from the collection of Land Use Charge on property in the last 12 months, says the Lagos State government.

Commissioner for Finance, Tokunbo Abiru, gave the figures in Ikeja during a ministerial briefing.  He said the amount was by far an improvement over the N250 million recorded in 2008, adding that it was achieved by the comprehensive billing approach adopted by the state government.

“The adoption of comprehensive billing of enumerated properties greatly helped to push up our revenue in 2012. As a matter of details, out of a total number of 641,132 enumerated across the state, 622,155 representing 97 per cent were billed.

“The outstanding 18,977 billable properties which mainly are raw records yet to be processed, but not exempted from payment are now receiving due attention. It is gladdening that we have removed many of the problems encountered in the administration of the charge, and the voluntary payment by residents has helped a lot”, he said.

Source: The Guardian

Comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *