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Nairaland Forum / Nairaland / General / Politics / FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair (37215 Views)
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Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by Dee60: 5:38pm On Sep 16, 2017 |
agabusta: Better than nothing. They may also not be paying a lot of tax anyway. Talk about win-win. Remember that FG do not have a lot of funds these days. |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by somehow: 5:39pm On Sep 16, 2017 |
Better off that way. The Dangote we know pays little or no tax in the first place. Let him use his money to build infrastructure for us and get paid via tax relief. 1 Like |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by arsenal33: 5:44pm On Sep 16, 2017 |
goshen26:The other party that had plans, what did they do? Answer: Chop all d moni 1 Like |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by uboma(m): 5:45pm On Sep 16, 2017 |
splendid2: With the right quality of materials and expertise, roads built with concrete lasts well beyond 10 years. I see it as a good development. Projects which the FG cannot execute at the moment owing to lack of funds, qualified service providers and construction companies should be tasked with these responsibilities and in return, they enjoy tax holidays. 1 Like |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by nickxtra(m): 5:49pm On Sep 16, 2017 |
erico2k2:Dangote was given a 5 year tax holiday for the construction of Obajana-Lokoja Rd. Google it, please. 2 Likes |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by CaptainFM1: 5:50pm On Sep 16, 2017 |
baby124: There's no risk at all. Everything can be renegotiated. |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by Bluffly: 5:51pm On Sep 16, 2017 |
baby124:Implore a little more of reasoning 1 Like |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by Nobody: 5:52pm On Sep 16, 2017 |
doctorgold:Huh the same tax that is severely embezzled by Govt and even at FIRS level you can't imagine the level of corruption that would be ongoing. Apapa road is a critically important project with hugr economic significance. If Dangote can construct it within the shortest time then let him have a go at it. If this were to be an FG project do you know the level of misappropriation that would stall the delivery time of d project not to talk of the unnecessary beurecracy. 6 Likes |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by erico2k2(m): 5:55pm On Sep 16, 2017 |
nickxtra:I thought you said his 5 yrs was extended to 10 yrs . |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by indomie100: 6:00pm On Sep 16, 2017 |
so funny Nija is moving forward indeed. |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by CaptainFM1: 6:01pm On Sep 16, 2017 |
Celestyn8213: Dangote may still use JBerger. |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by nickxtra(m): 6:02pm On Sep 16, 2017 |
erico2k2:Plus the 5 years for the Lagos project, making 10 years. |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by Tizbid(m): 6:03pm On Sep 16, 2017 |
Islie: Restructuring Nigeria will be a hard nut to crack,truth is the influence these cabals (dangote happens to be one of them) have in govt is so strong and keeps getting stronger. They will do ANYTHING to prevent such moves coz in this false federalism we are practicing therein lies their power. BTW i don't need a financial expert to tell me that this 10 year tax evasion give and take all the shenanigans that will go into this deal is way way more than the rehabilitation cost of the said road...I know so coz dangote is a business man,those sanctioning this deal are politicians and this is Nigeria. 4 Likes |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by bennymark(m): 6:04pm On Sep 16, 2017 |
McQueen95: yes he is, company is AG Dangote CaptainFM1: McQueen95: yes he is, company is AG Dangote |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by erico2k2(m): 6:05pm On Sep 16, 2017 |
nickxtra:Nop you got that wrong the policy b4 now was for a max of 5 years tax holiday per person . The FG of today has increased it to 10 years max per person thats the new policy signed . Hence forth you can get up to 10 years break . |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by wolexf(m): 6:05pm On Sep 16, 2017 |
This is not wise from the government. He should pay more taxes after all Dangote trucks contribute significantly to the damage on the roads nation wide 1 Like |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by COMPAQ(m): 6:05pm On Sep 16, 2017 |
FG should concession the key strategic roads in Nigeria. Lagos Ibadan Shagamu Benin (and rest of East West road) Ibadan Ilorin (on to Abuja) Port Harcourt Enugu Abuja Kaduna Kaduna Kano Owerri Onitsha Onitsha Enugu There may be more since I'm not familiar with the north, but these are roads that should be in tip top shape at all times. If I concession Lagos Ibadan for say 1bln for 10 years annual payment of N100mln, I upgrade infrastructure, am responsible for maintenance and I toll and keep all receipts for myself (of course still paying Company income tax on my profits), that seems like a win win to me - as follows: For the people, yes they pay a toll, but the road remains in top top shape for 10 years. I'd rather pay N2k going to ibadan and back (N1k each way) on a spotless road than not pay and have issues with my car, waste more time and have more risk of dying. For government, there is no need to budget for the road for 10 years and they actually get annual fee and taxes For the economy at large, it add multiplier effects in terms of faster logistics, less loss of life for accidents Support businesses will get a piece of the pie I e proper trailer parks and those selling food etc, and of course people working at the toll Plaza earn an income. 1 Like |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by erico2k2(m): 6:06pm On Sep 16, 2017 |
CaptainFM1:This is true.the UAE used the same system of tax holiday to build thier economy . But I think the 5 yrs was good this 10 yrs long shaaa |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by nickxtra(m): 6:08pm On Sep 16, 2017 |
erico2k2:Maybe, but that's not exactly my understanding of the message. |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by erico2k2(m): 6:09pm On Sep 16, 2017 |
nickxtra:It actually says that in the write up from where it says *We inherited a tax policy of five years from past administration * |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by signz: 6:16pm On Sep 16, 2017 |
IDnoble1: Unknown to many, Nigeria is being restructured albeit slowly (Snail pace) before our eyes. Low oil prices and high population number means that the size of tge national cake is reducing drastically. FG (Executive) will have no option than to shed it's responsibilities GRADUALLY to states and individuals/companies. I heard that Nigeria needs 3 trillion dollars to fix its infrastructures and let's be honest how can we raise such funds in this era of low oil prices. Economy will force us to reduce the Exclusive list, stop FAAC & Repeal the Land use act. Only question is will it happen between 2019-2023 or 2023-27? |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by Nobody: 6:17pm On Sep 16, 2017 |
What is the cost of this transaction? Don't we deserve to know? Naija i hail. 2 Likes |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by pat1612(m): 6:46pm On Sep 16, 2017 |
Let me get this right 10years tax rebate and then u set up toll plaza to collect toll Somebody please make me understand 2 Likes |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by vertueptime: 6:50pm On Sep 16, 2017 |
[quote author=agabusta post=60523205]Its seems a good move on the surface, but I hope FG wont get their hands burnt at the end. Personally, I have some reservations about this. I dont trust that Dangote dude, he will get triple or quadruple benefits from this in addition to the fact that all the materials to be used will be supplied by his company.[ agree to do this kind of thing |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by abfalkolly(m): 6:57pm On Sep 16, 2017 |
[quote author=McQueen95 post=60524797]Is dangote into construction business now? P That is how nigeria is getting worse by the day! [/quote Bros He doesn't nt need to be in construction b4 u can sign such agreement ...] |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by birdsview(m): 6:59pm On Sep 16, 2017 |
mrvitalis:this dude is out of his mind |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by Nobody: 6:59pm On Sep 16, 2017 |
PMB is likely gone from the presidency seat possibly never to return, now we hear he is travelling to imperialist USA for UN Assembly and then on to imperialist London for undisclosed reasons. I called it; that Osinbajo will be back as Acting President before 1st Oct. Keep watching. Dangote seems to have a midas golden touch because it was likely become an imperialist owned multinational with a black face to mop up our wealth and that of Africa. On the eve of PMB's exit this unconfirmed news is being released to make it seem PMB approved the decision. After tomorrow when PMB exits the news would then become credible. Osinbajo is the imperialist stooge to oversea Nigeria's destruction just watch and see what happens. Don't be surprised if tomorrow Boko and Kanu re-emerge to cause turmoil and mayhem. Any patriotic Nigerians who can intervene should start making their stand now time is against Nigeria. 10 year of taxes Dangote may exceed $30bn for wetin? Is the road not captured in the 2017 budget bill imperialist stooges Osinbajo and Saraki are colluding to keep secret from Nigerians? 1 Like 1 Share |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by gabe: 7:04pm On Sep 16, 2017 |
Our govt should just give us to dangote to sell as slaves. Dangote cement made N180 billion profit before tax in 2016. Tax on that at a conservative 30% is N54 billion. For 1 year. A 35 km road at the exhorbitant rate of N1 billion per km used for lagos-ibadan will cost 35 billion. And we are giving him a 10year tax holiday! If his tax in 10 years is about 500 billion, shouldn't he be helping us build 500km of roads? Roads his trucks spoil the most. Are we okay? Anyway, maybe they use other parameters to calculate. 2 Likes 1 Share |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by Nobody: 7:20pm On Sep 16, 2017 |
Why hand it to Dangote without transparent tendering process? What guaranteed that it would completed in a normal timeframe if it is ever completed at all. PMB is exiting and imperialists are already devouring Nigeria. Every man do what you can to save yourself and your family oo! somehow: |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by GoldNiagara(m): 7:32pm On Sep 16, 2017 |
mrvitalis: una don't start. I will unleash a python soon |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by somehow: 7:39pm On Sep 16, 2017 |
How did you know it was handed to him without transparency? Tell us what we don't know. GenBuhari: |
Re: FG Hands Over 35km Apapa-oworonshoki Expressway To Dangote For Repair by MabraO: 7:39pm On Sep 16, 2017 |
McQueen95: Yes it is called Dangote construction company Go to Obajana in kogi state where the biggest cement factory is he is constructing the road using concrete. Last November wen I passed that road I felt pity for him, kogi state nd Nigeria. But now to some extent the road is better and a solid work is being done there |
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