Babatunde Fashola, minister of works and
housing, stated this on Wednesday while briefing state house correspondents at
the end of the FEC meeting with the President. This amount is to be advanced
by Dangote for the construction of the roads from Bama to Banki in Borno State
for N51.016 billion with 49.153 kilometres; Dikwa to Gamboru-Ngala, 49.577
kilometres in Borno State for N55.504 billion; the Nnamdi Azikiwe Road,
popularly known as a Western Bypass in Kaduna. 21.477 kilometres, from Command
Junction to Kawu, in the sum of N37.560 billion
“Others are deep seaport access road sections
1 and 3 in Lagos State, through Epe to Shagamu Expressway, 54.24 kilometres,
that links Lagos and Ogun states, in the sum of N85.838 billion and the
Obele/Ilaro/Papalanto to Shagamu Road, 100 kilometres in Ogun State, in the sum
of N79.996 billion."
Other companies are to benefit from similar tax credits after Dangote and those who have indicated interests are being reviewed.
“They invest their money, and then instead
of when their taxes come due for payment, they net it off. That’s the
circumstance. This is not concessioning, this is tax credit policy, don’t let’s
mix them together,’’ the Minister added.
No comments:
Post a Comment