The Federal Executive Council has approved a proposal for Dangote Group to construct Lokoja-Obajana-Ilorin Road in return, Dangote will hold back 30 percent of his company’s income tax for some years.

‎The Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this to State House correspondents at the end of the FEC meeting presided over by President Muhammadu Buhari.


The Minister said the purpose is to drive infrastructural development in the country.


According to the Minister, the proposal by one of the subsidiaries of Dangote Group, a construction company, for the construction of a section of Lokoja-Obajana-Kabba-Ilorin, specifically the section between Obajana-Kabba Road using cement, is a demonstration of how the government will continue to build going forward in order to reduce maintenance on the roads in exchange for some tax remissions.


http://www.channelstv.com/2016/05/18/dangote-to-build-obajana-kabba-road-in-exchange-of-companys-30-income-tax/?utm_source=&utm_medium=twitter&utm_campaign=channelstv

lalasticlala come and see new way of governance... Instead of government chasing organizations and compelling them to pay tax using scarce resources, coupled with such organization still evading tax or government officials embezzling the tax, PMB lead government have resorted to allowing such organization use the tax they are to remit build infrastructures for the masses.... I think it's a good development

Dangote, gradually becoming the owner of Nigeria

It isn't a bad idea, but let them get the costing right.

It's a welcome development.

at last good news

Volksfuhrer:
It isn't a bad idea, but let them get the costing right.

I agree with you, it should be properly monitored, so that Nigeria doesn't get cheated. This better than collecting d tax and mismanage it.

permsec:
Dangote, gradually becoming the owner of Nigeria

Sharrap!

sebali:


Sharrap!

Yes sir.

Here are two humans with Discerning and Understanding Spirits, Fashola and Dangote respectively. As their Rewards, name Lokoja to Obajana, "Fashola Way" and Obajana to Ilorin, "Dangote Way". God bless them both.

This Scheme is ingenious but must first be approved and certified for constitutional and record purposes by NASS. apart from fec recommendations.

Kai, this is a very good development. If it's possible for a law to this effect to be put into place, I see cities like Anambra changing in a matter of months, cos with the number of businesses there, infact there won't be enough projects to go round. Kudos to Fashola and Dangote for taking the initiative