The Lagos State Government has released the 2025 Land Use Charge (LUC) bills, offering property owners a significant 15% discount for payments made within 30 days of receipt, a move aimed at bolstering state revenue and incentivizing timely civic duty. This initiative, announced by Commissioner for Finance Abayomi Oluyemi, underscores the critical role of the LUC in funding the state’s ambitious infrastructure and public service projects.
“The Lagos State Government has released the 2025 Land Use Charge (LUC) Bill, reinforcing its commitment to the continuous provision of world-class infrastructure and services for all residents,” Oluyemi stated, emphasizing the state’s dedication to progress. He urged property owners to capitalize on the discount, framing it as a direct contribution to the city’s evolution into a “modern, thriving” metropolis.
The Land Use Charge Law 2020 mandates payments from property owners, including lessees with leases exceeding 10 years and recipients of property income, as well as owners of vacant land. Exemptions, however, are in place for properties owned by pensioners, public libraries, non-profit cemeteries, palaces of traditional rulers, and religious institutions used for worship or education, provided eligible owners apply with supporting evidence. This system of exemptions aims to provide relief to those most vulnerable, while maintaining a fair system of revenue collection.
The LUC remains a crucial revenue source for Lagos. In 2024, the state projected N700 million in revenue, generating N300 million within the first four months. While the total revenue for 2024 remains undisclosed, the consistent collection highlights the importance of this charge in funding public services. The 15% early payment discount, a continuation from 2024, is designed to encourage prompt payment and ensure a steady flow of funds.
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“Don’t miss out on the 15% discount by paying within 30 days of receipt of your bill,” Oluyemi advised, highlighting the various payment channels available, including internet banking, bank deposits, USSD codes, POS machines at LUC offices, and the Lagos Online Assistant (LOLA) WhatsApp platform. This multi-channel approach aims to provide convenience and accessibility for all taxpayers.
The emotional appeal here is clear: by paying promptly, property owners are not just fulfilling a civic duty; they are investing in the future of Lagos. The implications are significant. Timely payments enable the government to execute projects efficiently, leading to tangible improvements in the quality of life for residents. Conversely, delays could hinder development and strain public resources.
The availability of exemptions also acknowledges the human element within economic policy. By safeguarding the properties of vulnerable groups, the government seeks to balance revenue generation with social responsibility.
Moving forward, transparency regarding the total revenue collected and its specific allocation will be crucial in building trust and ensuring accountability. As Lagos continues to grow, the Land Use Charge will remain a vital tool for funding its development, and the active participation of property owners will be essential in shaping the city’s future.
