Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,673,677 members, 6,288,294 topics. Date: Friday, 14 May 2021 at 08:10 AM

FG Grants Dangote Cement ₦22.32bn Tax Credit - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / FG Grants Dangote Cement ₦22.32bn Tax Credit (21262 Views)

FG Grants Dangote Cement Second Tax Waiver In Two Years / Dangote Cement Obajana Hit By Fire Disaster / Nigerian Government Grants Dangote 10-year Tax Incentive (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

FG Grants Dangote Cement ₦22.32bn Tax Credit by dre11(m): 7:50am On Apr 29
The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc, tax credit certificates valued at ₦22.321billion.

The tax credit certificates are for construction of Apapa-Oworonshoki-Ojota road in Lagos and Lokoja-Obajana-Kabba road straddling Kogi and Kwata states.

While Julius Berger is handling the construction of the two federal roads, Dangote Cement Plc is providing the funding.

To compensate Dangote Cement, the Federal Government has issued the company the certificates to cover for the tax that Dangote Cement would have paid.

Executive Chairman of the FIRS, Muhammad Nami, represented by Coordinating Director, Tax Operations Group, Mr. Femi Oluwaniyi, gave the clarification in Abuja on Wednesday when he presented the two tax credit certificates to Dangote Cement.

The tax credit certificates for the Apapa – Oworoshoki – Ojota expressway is valued at ₦21.6 billion while the tax credit certificate for the Lokoja-Obajana-Kabba expressway is valued at ₦721 million.

This is the second tax credit certificate the Federal Inland Revenue Service (FIRS) issued to Dangote for the Lokoja-Obajana-Kabba road construction.

₦9.5billion tax credit certificate was in 2019 awarded to Dangote Cement Plc for the Lokoja-Obajana-Kabba road.

Oluwaniyi 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 government would have done alone”.

https://www.google.com/amp/s/thenationonlineng.net/fg-grants-dangote-cement-%25E2%2582%25A622-32bn-tax-credit/amp/

6 Likes 2 Shares

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by DLondonboiy: 7:53am On Apr 29
Nawa

2 Likes 1 Share

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by PlayMaker14: 7:54am On Apr 29
This is the second tax credit certificate the Federal Inland Revenue Service (FIRS) issued to Dangote for the Lokoja-Obajana-Kabba road construction.




Can you Imagine?



Later, one Efulefu will tell me that Nigeria is United and we are one.

114 Likes 9 Shares

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by LegalPornShot: 7:57am On Apr 29
Long overdue draft undecided

1 Share

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by helinues: 7:58am On Apr 29
Fair enough

9 Likes 2 Shares

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by osamz007: 8:06am On Apr 29
helinues:
Fair enough

91 Likes 4 Shares

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by chatinent(m): 8:07am On Apr 29
Paying themselves.

15 Likes 1 Share

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by tayolove12(m): 8:15am On Apr 29
What about we?
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by pappyjjboi: 12:12pm On Apr 29
CHECK THIS if you want to create extra source of earning, work from home/anywhere, or single mothers, live the beach-side lifestyle with laptop on your laps as far as you have INTERNET.

1 Like

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by tutudesz: 12:12pm On Apr 29
undecided
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Raymondj0: 12:12pm On Apr 29
Lol
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Sheuns(m): 12:12pm On Apr 29

21bn was used to build Apapa-Oworonshoki road they say. Road that the drains are shallow.

7 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by ignis: 12:12pm On Apr 29
v
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by emmyw(m): 12:12pm On Apr 29
This Country Is A Joke undecided

11 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Sysdatek: 12:12pm On Apr 29
Federal Republic of dangoteria


undecided

They are already raising fuel prices for him

11 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by maximunimpact(m): 12:12pm On Apr 29
The real owner of Nigeria collecting rent from caretakers

12 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Seniorwriter(m): 12:13pm On Apr 29
Really?
These clueless incompetent institutions backed by a nepotistic FG keeps declaring figures without evidence (21billion) on a road construction or repairs?
Anyways what's my own as long as my online activities keeps getting me foreign currencies alerts !
Nigeria is bedeviled by bad leadership.

@Seniorwriter

3 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by iceberylin(m): 12:13pm On Apr 29
grin
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by AdeOri99: 12:13pm On Apr 29
If you had any unanswered question regarding life as a whole, send me a dm, i shall provide an answer.

if you love the truth, and will love an opportunity to sponsor the dissemination of one, send me a dm, or check the latest topic on my profile.
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Patrioticman007(m): 12:13pm On Apr 29
What an achievement to the company that is only second to federal government in terms of mass labour employment.
The reality is that only mass industrialization of the country will end these killings & bad blood amongst Nigerians, for an ideal mind is the devil's work shop. We prioritize wrongly.

4 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by guywitzerogal(m): 12:14pm On Apr 29
Imagine that let them grant BUA the same

3 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by akinmusi(m): 12:14pm On Apr 29
Nigeria, made for one man.

3 Likes

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by JovialJune(f): 12:14pm On Apr 29
Smh this is going to bite us right back to our faces, how can a whole government keep giving monopoly to one individual, without allowing other competitiors/competitions to thrive?

14 Likes 1 Share

Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Generalkorex(m): 12:14pm On Apr 29
Others nko
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by TalkTalkTwins(m): 12:14pm On Apr 29
smiley
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Kiddogarcia(m): 12:14pm On Apr 29
Hmmm,but na we be your best plug for everything sexual enhancement tho
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by odogwunaija(m): 12:14pm On Apr 29
With this tax credit granted to Dangote, Nigerians should expect an increment in cement price
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by Munzy14(m): 12:15pm On Apr 29
Hehehe goat head, dey for goat bag....cheesy


22B for two roads....smh...
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by ictjobber: 12:15pm On Apr 29
Hmmm
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by GreenWire(m): 12:18pm On Apr 29
hmmm.. Las Las bag of cement no go come down
Re: FG Grants Dangote Cement ₦22.32bn Tax Credit by charles614: 12:18pm On Apr 29
Why won't he be the richest man in Africa when he's enjoying all this benefits

12 Likes

(1) (2) (3) (4) (Reply)

Purchase Of PALM KERNEL SHELL ? 100,000tons / Investor Condemns Invasion Of Hotel Presidential, Enugu / As Promised My Forex Library

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2021 Oluwaseun Osewa. All rights reserved. See How To Advertise. 55
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.