By Solomon Asowata Lagos, April 29,2021 The Nigeria Liquefied Natural Gas (NLNG) Limited says it is targeting to make its host community, Bonny Island in Rivers State, free of Malaria by 2030 towards its vision of developing the island into a megacity. A statement posted on the NLNG website on Thursday said the
The Federal government has granted Nigeria Liquefied Natural Gas (NLNG) company ₦20 billion tax waiver for the construction of Bodo Bonny Bridge in Rivers State.
The Federal Inland Revenue Service (FIRS) presented the road infrastructure credit certificate to LNG in Abuja on Thursday.
NLNG has so far received three credit certificates in the last three years valued at ₦46billion. Thursday’s own is the third while the fourth is expected later in the year.
President Muhammadu Buhari signed Executive Order Seven (07) in 2020 authorizing companies that provide critical infrastructure like roads to be granted tax waivers.
The Bodo Bonny Bridge and roads across Okpobo channels in Rivers State were constructed by Julius Berger at a cost of ₦120.681 billion.
President Muhammadu Buhari signed Executive Order Seven (07) in 2020 authorizing companies that provide critical infrastructure like roads to be granted tax waivers.
Vanguard News
FG grants NLNG N20bn tax waiver
On
The Federal government has granted Nigeria Liquefied Natural Gas (NLNG) Company a ₦20 billion tax waiver for the construction of Bodo Bonny Bridge in Rivers State.
Executive Chairman of the Federal Inland Revenue Service (FIRS) Mr. Muhammad Nami, represented by Coordinating Director, Tax Operations Group, Mr. Femi Oluwaniyi, presented the Road Infrastructure Credit Certificate (RICC) to LNG in Abuja, yesterday.
The N20 billion Credit Certificate is NLNG’s third waiver in the last three years, with a total of ₦46billion.
RICC is one of the strategies for mobilizing private sector financing for critical infrastructure, for which President Muhammadu Buhari signed Executive Order Seven (07) in 2020.
How to integrate Nigeria into global map in shipping, seafaring, by NSML guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.