The Organised Private Sector says it is not satisfied with the Lagos State Government’s reduction in the percentage rate on Land Use Charge and other taxes.
OPS spokesperson, Mr. Olusegun Oshinowo, said in a letter addressed to the Lagos State Commissioner for Finance, Mr. Akinyemi Ashade, that the demands of the sector were yet to be met.
Oshinowo commended Governor Akinwunmi Ambode for the reduction in the invoiced rate of the Land Use Charge, saying it was a demonstration of his avowed commitment to listening to alternative views.
The News Agency of Nigeria reports that the new Lagos State Land Use Charge Law and other taxes had, from January 28, 2018 replaced that of 2001.
Ambode had said that the new tax regime was designed to help the government to generate additional revenue needed to develop the state in the light of increasing demands for urban and rural infrastructure…
Read More…..Punch Newspapers
