L
LequteMan
Guest
The Dangote Group has been granted a 10-year tax incentive by the Nigerian government for the construction and rehabilitation of roads.
“We inherited a tax incentive policy for individuals to benefit from tax remission, to recover investment made in public infrastructure like roads, which other members of the public can utilise,” Works Minister Babatunde Fashola said.
“The government reviewed the five-year limit on that tax order to a 10-year period to sustain private investment in road infrastructure, because it is a long-term asset.”
He added that the construction of the Apapa to Oworonshoki end of the Lagos-Ibadan expressway has been handed over to Dangote.
“As for the agreement with Dangote, we are now awaiting the design of the 35 km stretch excluding the portion that has been completed, about 7 km, by the previous administration around Mile 2 area.
“As this government promised, we will solve the Apapa and Port congestion problem. I can only tell you that the solution is now on the way,” he said.
“We inherited a tax incentive policy for individuals to benefit from tax remission, to recover investment made in public infrastructure like roads, which other members of the public can utilise,” Works Minister Babatunde Fashola said.
“The government reviewed the five-year limit on that tax order to a 10-year period to sustain private investment in road infrastructure, because it is a long-term asset.”
He added that the construction of the Apapa to Oworonshoki end of the Lagos-Ibadan expressway has been handed over to Dangote.
“As for the agreement with Dangote, we are now awaiting the design of the 35 km stretch excluding the portion that has been completed, about 7 km, by the previous administration around Mile 2 area.
“As this government promised, we will solve the Apapa and Port congestion problem. I can only tell you that the solution is now on the way,” he said.
