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Nairaland Forum / Nairaland / General / Business / Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road (27495 Views)
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Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by AutoReportNG: 4:56pm On Oct 03, 2017 |
The management of Dangote Group has said it will get a three-year tax holiday after constructing the 35km Apapa-Oworonshoki road. Devakumar Edwin, an executive director in the company, made this known in a statement shared with TheCable on Tuesday. Edwin said “the company has never benefited any tax waivers or credits in its entire history except when it is industry based and same applies to all industry players. “It is very painful when some people accuse our company of benefitting 10 years’ tax rebate from the government. There is nothing like tax credit in all these. “We volunteered to construct the Apapa to Oworonshoki long highway at a cost that will be about 15 to 25% less than the lowest bid on the road. “We hope to get back our money after three years by removing the sum from the tax we are supposed to pay.” He explained that the company proposed to the government to take out 50% of the total cost of the road from its proposed tax in the first year after completion and 25% in each of the next two years. “The government came forward and said, good enough your company is repairing a road that is very important to all Nigerians… is it possible to help us do proper road construction of 35 kilometers from Apapa to Oworonshoki? “We advised the government to go for a competitive bidding and also that we will take it up at a cost that will be lower than the lowest bid received by the government. “Since the government may not be handy with cash, we proposed that we will recover our money over three years in installments against our future tax. “The reality is the government will not pay us for the construction, but we will only offset our costs against our three years tax.” He explained that the company volunteered to repair the Apapa road as part of its corporate social responsibility initiative and that the construction would be carried out at 15-25% lesser than the lowest bid. The federal government had said it would use tax incentive order to hand over the Apapa area comprising Creek Road, Liverpool Road, Marine Beach to Mile 2, Oshodi, Oworonshoki to the Lagos end of the Toll Gate on the Ibadan Expressway to Dangote Group. Credit: TheCable Source: http://www.autoreportng.com/2017/10/dangote-to-get-3-year-tax-relief-after.html 2 Likes 3 Shares
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Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by AutoReportNG: 4:56pm On Oct 03, 2017 |
Its a season of tax relief in Nigeria.. Read more here.. http://www.autoreportng.com/2017/10/dangote-to-get-3-year-tax-relief-after.html 4 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by emmie14: 4:57pm On Oct 03, 2017 |
No be his trucks de spoil all roads in Nigeria 81 Likes 2 Shares |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by officialfestus(m): 4:58pm On Oct 03, 2017 |
emmie14:yes oh 27 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by Nairabeezie(m): 7:36pm On Oct 03, 2017 |
Good |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by officialfestus(m): 7:37pm On Oct 03, 2017 |
we made front page at last.... 1 Like |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by abbeyoye2001(m): 7:37pm On Oct 03, 2017 |
Nice one. Good biz man 4 Likes 1 Share |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by curvilicious: 7:37pm On Oct 03, 2017 |
emmie14: Spoil & jam pple beyong repair 18 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by livinus009(m): 7:37pm On Oct 03, 2017 |
He deserves it even if he gets 7years tax relief... That particular road is a shame to Nigeria 12 Likes 2 Shares |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by jiinxed: 7:37pm On Oct 03, 2017 |
Dangote is getting his payback for bankrolling buhari's campaign 58 Likes 5 Shares |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by curvilicious: 7:38pm On Oct 03, 2017 |
He tried but i must say the roads his trucks have damaged nd the pple his trucks have killed ehn you go fear 9 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by luvinhubby(m): 7:38pm On Oct 03, 2017 |
As if a large portion of the road has not been reconstructed under GEJ 1 Like |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by asdfjklhaha(f): 7:38pm On Oct 03, 2017 |
He should fix all the roads in the south east especially abakaliki because his trailer is always having accident there. 5 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by hahnsmall: 7:38pm On Oct 03, 2017 |
More private businesses should be encouraged to do this 1 Like |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by Teewhy2: 7:38pm On Oct 03, 2017 |
Government said 10 years, the other party is claiming it is 3 years. I think the 3 years is okay and a good way to fund road construction in Nigeria. If the government is sincere and trustworthy I believe they are a lot of companies that will like to partner with the government to fix our infrastructural projects in this way. Considering doing a roof parapet? check out price comparison between a concrete cast in suite against polystyrene parapet. Polystyrene parapet is light weight and doesn't have much impact on the land. excellent usage on swampy environment. click below for more details. https://www.nairaland.com/3726763/alternative-building-material-expanded-polystyrene/4 8 Likes 4 Shares |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by iAlpha: 7:38pm On Oct 03, 2017 |
Make brain. |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by XaintJoel20: 7:39pm On Oct 03, 2017 |
asdfjklhaha: tobtap: asdfjklhaha: Una do well First let's know how much is Dangote's tax for three years and how much it will cost to construct the road... Then we go know who go give each other change.... 14 Likes 2 Shares |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by tobtap: 7:40pm On Oct 03, 2017 |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by KenzDozz: 7:40pm On Oct 03, 2017 |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by mykh01(m): 7:41pm On Oct 03, 2017 |
Shey d guy dey pay tax before ni? 4 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by free2ryhme: 7:41pm On Oct 03, 2017 |
AutoReportNG: You never finish airways and barracks end of the road |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by SlayQueenSlayer(m): 7:42pm On Oct 03, 2017 |
Why should a government abdicate her responsibility? 3 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by joblessmilliona(m): 7:42pm On Oct 03, 2017 |
. |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by KanwuliaExtra: 7:42pm On Oct 03, 2017 |
The road wey government suppose construct go to private individual wey nor dey pay tax in the first place? Nigerians are truly fantastically-corrupt! Northerner go construct road for South-West to gain tax credit? Or KICK-BACK? When last did DANGOTE pay TAX in Nigeria? 8 Likes 3 Shares |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by Modelqwen(f): 7:44pm On Oct 03, 2017 |
Mtchewww |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by micktoxin(m): 7:46pm On Oct 03, 2017 |
This has Carlos slim saga written all over it |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by 1bunne4lif(m): 7:46pm On Oct 03, 2017 |
In as much as I commend him for the gesture, I also think that his long vehicles alone to a greater extent contributed to the damage of that road 4 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by Nobody: 7:48pm On Oct 03, 2017 |
Other Nigerians who do humanitarian assistance dont get tax waiver.So why will dangote case be different?His fleet of Trucks causes more damages and accidents to the roads. 4 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by MaestroID(m): 7:49pm On Oct 03, 2017 |
They should not just Stop There oooooo... Cus Even other Major Roads Make dem fllw do cuz na him truck spoil dem. See The road from Benin to Ekpoma and Auchi... its as die n dead finish... 3 Likes |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by Originalsly: 7:49pm On Oct 03, 2017 |
Seems like none of the FG s think they should be the ones constructing and maintaining major roadways. .. a most basic infrastructure.... but they are the ones that be often shouting about "international best practices". It is best for Dangote to build all the roads... he has the cement. .. and will build it to withstand his heavy trucks. |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by daveP(m): 7:50pm On Oct 03, 2017 |
bunch of hypocrites. the mess called kabba/lokoja road is there unattended too, and he is getting a heroic call out in lag. smh! 1 Like |
Re: Dangote To Get 3-Year Tax Relief After Constructing Apapa-Oworonshoki Road by dapsoneh: 7:51pm On Oct 03, 2017 |
Dangote, pls come to kogi state, there is no road in kogi. We are ready to give you 20 years tax holiday if you can fix our roads 8 Likes 1 Share |
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