The revised Land Use Charge Law, on the other hand, will improve the value of property in the state. The State’s House of Assembly had, last week, announced the passage of two bills expected to provide the legal framework for the Lagos State Embedded Power Supply Law 2018 and the Lagos State Land Use Charge Law 2018. “As enabler, the Lagos State government will guarantee the off-take of the generated power. Under the revised law, estate valuers authorised to assess and value tenements, will ensure data are reliable and the indices are explicit. The revised law also exempts tenements owned by non-profit organisations, religious bodies and public cemeteries and burial grounds.

Source: The Guardian February 04, 2018 03:56 UTC