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Cattle Ranching Has Tax Exemption In Nigeria - Politics - Nairaland

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Cattle Ranching Has Tax Exemption In Nigeria by Opinionated: 12:37pm On Jan 17, 2018
A ranch is an area of land, including various structures, given primarily to the practice of ranching, the practice of raising grazing livestock such as cattle or sheep for meat or wool.



Not many Nigerians are aware that the Federal Government of Nigeria has always encouraged cattle ranching, rather than open grazing.

Cattle-ranching Cattle Ranching Has Tax Exemption in Nigeria

Indeed, sitting on number 32 on the list of 44 pioneer industries/products approved by the National Council of Ministers in 1989, in pursuant to the Industrial Development (Income Tax Relief) Act, a subsidiary legislation to the Companies Income Tax Act, is Cattle Ranching and Piggery of not less than 500 herds.



In other words, if you operate cattle ranch with at least 500 cattle, you can apply for pioneer relief that will exempt you from paying taxes on your profits from the cattle production for between 3-5 years.



So there you go, the FGN of Nigeria has always encouraged cattle ranching. See full list of items: Pioneer Industry Gazette

More items were added to the list in 2017.

source: http://www.opinions.ng/cattle-ranching-tax-exemption-nigeria/

cc: lalasticlala mynd44
Re: Cattle Ranching Has Tax Exemption In Nigeria by technicallyrich(m): 12:40pm On Jan 17, 2018
Ok
Re: Cattle Ranching Has Tax Exemption In Nigeria by SalamRushdie: 12:43pm On Jan 17, 2018
its not like those that still roam their cattle even pay any tax so I dont see this as being an incentive to the bloodthirsty herdsmen

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Re: Cattle Ranching Has Tax Exemption In Nigeria by Nobody: 2:59pm On Jan 17, 2018
Ranching rabching my foot.... whose land should be used for ranching?

The meat i buy in the market is it free?
Why should my ancestry land be given freely to a fulani man for his privately own business?

Ranching my foot!

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Re: Cattle Ranching Has Tax Exemption In Nigeria by MIKOLOWISKA: 12:55am On Jan 18, 2018
Opinionated:
A ranch is an area of land, including various structures, given primarily to the practice of ranching, the practice of raising grazing livestock such as cattle or sheep for meat or wool.



Not many Nigerians are aware that the Federal Government of Nigeria has always encouraged cattle ranching, rather than open grazing.

Cattle-ranching Cattle Ranching Has Tax Exemption in Nigeria

Indeed, sitting on number 32 on the list of 44 pioneer industries/products approved by the National Council of Ministers in 1989, in pursuant to the Industrial Development (Income Tax Relief) Act, a subsidiary legislation to the Companies Income Tax Act, is Cattle Ranching and Piggery of not less than 500 herds.



In other words, if you operate cattle ranch with at least 500 cattle, you can apply for pioneer relief that will exempt you from paying taxes on your profits from the cattle production for between 3-5 years.



So there you go, the FGN of Nigeria has always encouraged cattle ranching. See full list of items: Pioneer Industry Gazette

More items were added to the list in 2017.

source: http://www.opinions.ng/cattle-ranching-tax-exemption-nigeria/

cc: lalasticlala mynd44
no tax doesn't mean free land
Re: Cattle Ranching Has Tax Exemption In Nigeria by porka: 1:50am On Jan 18, 2018
Buhari's mind is made up on the grazing reserves.

Below is what is in his mind on the issue.

He believes strongly the rights of cattle over that of human beings to graze as they like along the "grazing route".

That is why he "begged" Benue leaders "in the name of God" to accommodate their fellow "countrymen".

He believes the rest of country are unnecessarily disturbing the cattle rearers.


‘Fulani herdsmen problem as old as Nigeria itself,’ President says

President Muhammadu Buhari has said that the Fulani herdsmen crisis is as old as Nigeria itself.

Buhari also said that his government would develop the capacity to keep Nigeria united.

He made the comments while speaking to journalists during a recent trip to London.

Excerpts from The Cable below:

On a permanent solution to the herdsmen crisis

The problem is virtually as old as Nigeria itself. Culturally, the herdsmen don’t stay in one place. They move with the season. Normally, harvest is completed much earlier in the north. Then they have to move southwards for green pasture. In the first republic, there was what they called cattle routes and grazing areas.

They were marked. Infrastructure were put in terms of windmills, earth dams, even veterinary clinics. Now after first republic, people turned these places into farms. And if you have 500 cows, if they don’t eat for 24 hours, or need water, you can’t stop them [from moving around].

What they used to do then is that if anybody went outside the cattle route, or outside the grazing area, he would be arrested, taken before an alkali’s court, fined. If he can pay, okay. The money is taken and given to the farmer. If he can’t pay, the cattle is sold and the farmer is paid. People were behaving themselves.

So when people came and took away the land for the cattle route, for the grazing areas, you find out that from Kaduna to Bayelsa, Nigerians are fighting cattle rearers now. But when I was in the Petroleum Trust Fund, we made a comprehensive study of cattle routes and grazing areas throughout Nigeria. I am referring the governors’ forum and the minister of agriculture and rural development to the report. Let them see what they can do and save the situation...

http://www.pulse.ng/news/local/buhari-fulani-herdsmen-problem-as-old-as-nigeria-itself-president-says-id5037501.html

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