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Nairaland Forum / Nairaland / General / Politics / MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit (21881 Views)
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MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Nobody: 10:45pm On Aug 02, 2021 |
MTN Nigeria, the largest network by market share, has announced plans to reconstruct the Enugu-Onitsha expressway, under the road infrastructure task credit (RITC) scheme.https://www.thecable.ng/mtn-nigeria-to-reconstruct-enugu-onitsha-expressway-in-exchange-for-tax-credit/amp 9 Likes
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Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Authority1o1(m): 10:46pm On Aug 02, 2021 |
Okay... You're going to drop your jaw when you learn the amount of money generated through tax in Onitsha alone, not to talk of Enugu and environs. But why has this road remained this way? This project has nothing to do with the magnanimity of MTN, which is a business, so don't get all happy. Every dime going into it will be recovered with toppings because you will be made to pay for it. Which makes me wonder what the main tax paid by people is used for. 94 Likes 3 Shares |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by AlexBells(m): 10:55pm On Aug 02, 2021 |
In a country that was once sold by the Royal Niger Company, nothing surprises me again, however I very much welcome the idea of MTN doing the construction as far as they will not hand the project over to corrupt government officials. Sometimes I even wish we can run a virtual government where telecoms like MTN will take over government, then elections will be like to vote in this election text Vote to 131, >>>For PDP text 1, for APC text 2, press 0 to check your vote credit>>> total SMS cost #50 63 Likes 2 Shares |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by DoggoneDogg: 11:10pm On Aug 02, 2021 |
Another Otedola bridge loading... Once that road is completed, many fatal accidents will start happening & MTN's share price will soar. |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by jlinkd78(m): 11:57pm On Aug 02, 2021 |
Noted |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Nobody: 12:00am On Aug 03, 2021 |
1 Like |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by FarahAideed: 1:03am On Aug 03, 2021 |
Buhari is really running a quagmire of a govt 27 Likes 1 Share |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by SmartPolician: 4:33am On Aug 03, 2021 |
Provided there won't be a tollgate on the road, this is a really commendable move. Second Niger bridge is the first and only federal bridge to be tolled in Nigeria. Even the almighty Third Mainland Bridge has no tollgates. 11 Likes 1 Share |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Staphylococcus: 4:42am On Aug 03, 2021 |
Wow! This is commendable And I am certain MTN will deliver quality work Julius Berger things..... China has already infiltrated MTN.. ...... Its definitely China construction 6 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by tolue42(m): 4:48am On Aug 03, 2021 |
Authority1o1: Why must you complain about everything? 24 Likes 1 Share |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Raxxye(m): 4:49am On Aug 03, 2021 |
Is there no company interested in the Calabar/Itu Highway, so that they can save us from the nightmare and unnecessary loss of lives on that road? Na beg I dey beg o! 16 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Forgodsgrace: 4:51am On Aug 03, 2021 |
Nice one,pls let them come and take over this abandoned Lagos -Badagry Express way,as well. 1 Like |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Dauraking: 4:56am On Aug 03, 2021 |
This is the stupi.d government that claims the road has been completed. That their useless Sukkuk funds are being used for the road. This is what you find in the East. Why didn’t MTN construct the Daura - Niger Republic rail line. The East is always used as a guinea pig for projects that are known to fail. Buhari is devils incarnate. 19 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by vicfajeze: 5:02am On Aug 03, 2021 |
Authority1o1:I like your comment 7 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by chelseamann(m): 5:03am On Aug 03, 2021 |
Money that we “end users” must still pay in one way or the other? Nigeria government is a joke ! |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by damola1: 5:08am On Aug 03, 2021 |
Fashola on the beats! Let’s make Nigeria �� great again ! 3 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by CodeTemplar: 5:11am On Aug 03, 2021 |
This is so cool. If the FG politics won't favour the Igbo's, they should go through CSR backdoor with their influence in strategic multinationals. I will like to see a more ambitious project of the mould like power or technical schools. 5 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by SirLakes: 5:12am On Aug 03, 2021 |
DoggoneDogg:This your thinking is barbaric. Spits 20 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by DOTian: 5:33am On Aug 03, 2021 |
You start to wonder what's the essence of government if almost every aspect of government service delivery is done by individuals, communities or private firms. Why do we have one Buhari at Aso Rock then? To sign off oil and gas blocs to cronies? 1 Like |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by mytime24(f): 5:37am On Aug 03, 2021 |
K |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Nobody: 5:41am On Aug 03, 2021 |
DoggoneDogg: How old are you? If you don't have sensible comment to make, why not just keep mute and pretend like you never saw the thread. 22 Likes 1 Share |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by biafranrealson: 5:51am On Aug 03, 2021 |
MTN should engage their own contractor ,and pay them directly. dont let this Buhari APC govt choose the contractor and do not give them money to do the project, otherwise 95% will go to their pockets while 5% to the project 5 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Yadid(m): 5:57am On Aug 03, 2021 |
Most folks won't see the booby trap in this seemingly kind gesture from MTN. The project cost will be inflated leaving them with more tax credit beyond necessary. This is Nigeria. Tax credit my foot. More so, the job done might not even be of standard quality. As long as the road is constructed and money is spent, they are entitled to a tax credit. Good luck! "Participants will be entitled to utilise the total cost (Project Cost), incurred in the construction or refurbishment of an eligible road as a tax credit against their future Companies Income Tax (CIT) liability, until full cost recovery is achieved." 4 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by saintokwuluora(m): 6:00am On Aug 03, 2021 |
After this false govt had made so much noise of reconstructing the road. Ngige will not let us hear word especially during elections on how Buhari has awarded the contract and reconstructed the road. Now after obvious embezzlement MTN is intervening. What happens to the already awarded contract? 4 Likes 1 Share |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by obyrich(m): 6:02am On Aug 03, 2021 |
SirLakes:Very archaic. |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by Yampotatocarrot(m): 6:11am On Aug 03, 2021 |
Nice initiative, if you ask me. Other companies should please pick up other roads, like the Badagry expressway. Two companies can even come together to construct one road Any legal way na way... As long as we the citizens are the ones that'll enjoy the amenities, I'm all for it. If possible, let LASG follow the same approach. Seems the number of bad roads is beginning to overwhelm the governor. There are a lot of terribly bad roads in Abule-egba, Ayobo, INSIDE ALIMOSHO, Papa Ashafa... The contractors now dig up the roads, and leave it that way, when rain falls, the water thus stays on the road instead of flowing through the gutters (Igbayilola and Ebun in Papa Ashafa comes to mind) LASG can work with banks to construct some of these roads and give them a kind of tax relief 2 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by RedEnergy: 6:12am On Aug 03, 2021 |
Another tax evasion + corruption opportunity. Let's assume: Actual costs to fix road = 3 billion MTN declares costs as = 16 billion Corrupt govt officials get kickbacks of = 4 billion MTN gets tax credit profit of = 9 billion Business continues... 9 Likes 1 Share |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by KingAzari: 6:15am On Aug 03, 2021 |
Yadid: Have you seen what Dangote is doing on Apapa - Oworonshoki expressway under the same scheme? 9 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by RedEnergy: 6:19am On Aug 03, 2021 |
Yampotatocarrot:Fraud initiative |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by lonelydora: 6:19am On Aug 03, 2021 |
This is a very good move. I have told some of my friends, to fix Nigeria's basic amenities, allow private sectors to come in and give them some tax exemptions. Taking Rivers state as an example, Indorama can comfortably supply power to the whole of Eleme with their standby Gas Turbines. In Onne, all those companies can supply power to Onne and some part of Ogoni. Same goes for companies at Trans-Amadi. Shell at I.A and R.A can take care of Rumuomasi too same way Agip is doing in Omoku and NLNG/Shell in Bonny and Finima. You can also tell them to take care of roads and public hospitals and schools. This way, we won't lack anything. But our politicians being who they are won't allow it because they want to keep the masses at their mercy. We honestly need a revolution in this country, but the younger generation are not serious. 11 Likes |
Re: MTN Nigeria To Reconstruct Enugu-Onitsha Expressway In Exchange For Tax Credit by vedaxcool(m): 6:20am On Aug 03, 2021 |
children of bitterness and darkness have started their usual antics wailing without substance against any perceived progress. 6 Likes |
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