Lagos State government on Wednesday announced cancellation the 2018 Land Use Charge and reverted to the pre-2018 Land Use Charges.
The State Commissioner for Finance, Dr Rabiu Olowo, made this known at a press briefing which took place at the Bagaulda Kalto Press Centre, Alausa, Ikeja.
Olowo also disclosed that the state government also waived penalties for Land Use Charges in respect of 2017, 2018 and 2019, which he said amounted to a loss of N5.6bn in revenue.
YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE
FG Increases Hate Speech Fine From N500,000 To N5m
THE Federal Government has announced that its newly- unveiled reviewed Nigeria Broadcasting Code has provisions to increase the hate speech fine for people found culpable of hate speech from N500,000 to N5 million. This is as it said the amendment of the broadcasting code is boosting local content, among other provisions… Lagos land use charge
Another Alleged N6.2bn Palliative Fraud Hits NDDC •Official Petitions Senate, Demands Dissolution Of IMC
FEW weeks after the nation was treated to mindboggling revelations of misappropriation of N1.5 billion by the Interim Management Committee (IMC) of the Niger Delta Development Commission (NDDC), the Federal Government intervention agency is in the news again over alleged embezzlement of N6.2 billion approved for palliative by President Muhammadu Buhari… Lagos land use charge
Chinese Loans: $400m Project Abandoned After Completion
THE National Public Security Communication System project for which Nigeria took a $399.5million from China and has paid $76.83million as part of the principal as well as $84.92million interest has been abandoned, Nigerian Tribune can authoritatively report… Lagos land use charge
China’s Greek Gift To Nigeria
A report in a British tabloid in December 2006 indicated that Britain paid the final payment on a multi-billion-dollar loan it obtained in 1945 for rehabilitation, reconstruction of its infrastructure after the devastating the Second World War. According to the report, its creditors were the United States and Canada, which Britain transferred £43 million and £12 million respectively. The original loan of $4.34bn which was equivalent to £27bn as of 2006, was drawn to prevent Britain from falling into bankruptcy due to aggravated and colossal damage caused by… Lagos land use charge
and then