Chairman, Lagos State Chapter, of the Nigeria Institution of Estate Surveyors and Valuers (NIESV), Olurogba Orimalade, has hailed Governor Akinwunmi Ambode for the reduction of the new land use charge for commercial properties by per cent.
At a stakeholders meeting held at Protea Hotels, GRA, Ikeja, Lagos on Thursday, Mr Orimalade described the Ambode led government as a listening government and pledged his association’s support for the new law and all other progressive decisions of the government going forward.
In his words, “we are committed to working with the present Lagos State administration to make the new law succeed and we have already set up a technical committee to come up in ten days, with directions, recommendations and position of the Institution on the law in order to collaborate with the government for a better society.”
Vice President Nigeria Institute of Architects, Ifeoma George, said at the meeting that “this is a listening government and propose that stakeholders should continue to be carried along in all government dealings, going forward “.
Commissioner for Finance, Lagos State, Akinyemi Ashade, took the opportunity of the meeting with professionals in the real estate sector to further enumerate other reliefs entailed in the amended land use charge law.
He emphasised that the state government was opened to further discussions on how to solve the challenges plaguing infrastructural financing and investments in Lagos State.
He also mentioned that there will be no penalty for late payment in this 2018 regime as earlier stipulated.
