Nigerian govt grants Dangote Cement $54 million tax credit

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The tax credit for the Apapa-Oworonshoki-Ojota expressway is valued at N21.6 billion while that of Lokoja-Obajana-Kabba expressway is valued at N721 million.

This is the second tax credit certificate the Federal Inland Revenue Service will issue to Dangote for the Lokoja-Obajana-Kabba road construction, and that a N9.5 billion tax credit certificate had earlier in 2019 been awarded to Dangote Cement for the Lokoja-Obajana-Kabba road.

Mr Nami was quoted by AriseTv to have said; “Government came to that reasoning that if we could encourage local investors to do the needful and of course under an agreement with some due monitoring and approvals then some of the monies they would have accrued back to government as taxes, they would have paid.”

“It will be in the interest of the government that other investors, business entrepreneurs, companies take advantage of this key initiative such that Nigeria can develop faster than the government would have done alone,” he said. He said, “We are hoping that this arrangement will be taken to another level, we are also believing that this will spur other business players out there to come and take advantage of it.”

 

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Dangotis the Nigeria problem economically

Can you imagine , richest man my foot 🦶, nonsense go and pay 💰

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