Director, Public Affairs, Ministry of Finance, Mrs. Modupe Ileyemi, said this in a statement on Saturday.
Ileyemi, in a statement, said it was important to note that late payment or non-payment of the Charge on an annual basis will attract accrued penalties and accumulation of arrears, which is why prompt payment is strongly advised.
She said: “The Land Use charge is a consolidation of all property and land based rates and charges payable under the Land Rates Law, the Neighbourhood Improvement Charge Law and Tenement Rates Law in Lagos State.
“The revenue accrued from this charge is used for infrastructural development in the state.”
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