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FG Rejects Flour Mills, Flutterwave's Applications for Tax Holiday


Oluchi Chibuzor
The federal government has declined applications from 10 companies seeking pioneer status under the industrial development Income Tax Relief Act (IDITRA).
This is according to the Nigerian Investment Promotion Commission (NIPC) report on Pioneer Status Incentive (PSI) applications for the first quarter of 2021 (Q1 2021).
The PSI is a tax holiday that grants qualifying industries and products relief from payment of corporate income tax for an initial period of three years, extendable for one or two additional years.
According to NIPC, the pioneer industries eligible for this tax incentive are agriculture, mining and quarrying, manufacturing, electricity and gas supply, waste management, construction, trade, information and communication, professional services, financials, and administrative services. ....

Oluchi Chibuzor , Envoy Hotel , Echostone Development Nigeria , Nigerian Investment Promotion Commission , Flutterwave Technology Solutions , Fountain Manufacturing Company , Super Packaging , Income Tax Relief Act , Pioneer Status Incentive , Al Hamsad Rice Mill , Benchmark Constructions , Super Packaging Limited , Royal Foam Products Nigeria , Flour Mills , Benchmark Constrictions , Fountain Manufacturing , Pan African Towers , African Foundries , Aarti Rolling Mills , Princess Medi Clinics Nigeria , Medlog Logistics , Dangote Sinotrucks West Africa , Honeywell Flour Mills , தூதர் ஹோட்டல் , நைஜீரியன் முதலீடு ப்ரமோஶந் தரகு , முன்னோடி நிலை ஊக்கத்தொகை ,

Echostone Delivers Affordable Homes in Lagos


Echostone Development Nigeria said it has delivered a 252 WorldBank EDGE Certified affordable homes in Idale, Badagry.
Lagos State, which has over three million housing deficit had partnered Echostone in a Public-Private Partnership (PPP) aimed at providing 100,000 affordable homes in 10 years with modern-day technology, starting with the construction of 2,000 housing units in three Local Government Areas (LGA) of the state, Idale in Badagry; Ayobo in Alimosho LGA and Imota in Ikorodu Local Government Area.
Speaking at the official inauguration of the housing project, Managing Director of EchoStone Development Nigeria, Mr Sammy Adigun, explained that the housing scheme named, ‘Peridot Parkland Estate’, was the first-ever green-certified affordable housing community in Nigeria, and the first to be certified by International Finance Corporation. ....

Nigeria General , Lagos State , Sammy Adigun , Moruf Akinderu , Babajide Sanwo Olu , International Finance Corporation , Echostone Development Nigeria , United Nations Sustainable Development Goals , Public Private Partnership , Local Government Areas , Ikorodu Local Government , Managing Director , Peridot Parkland Estate , International Finance , Sustainable Cities , Executive Governor , Moruf Akinderu Fatai , நைஜீரியா ஜநரல் , லாகோஸ் நிலை , சர்வதேச நிதி நிறுவனம் , ஒன்றுபட்டது நாடுகள் நிலையான வளர்ச்சி இலக்குகள் , பொது ப்ரைவேட் கூட்டு , உள்ளூர் அரசு பகுதிகள் , நிர்வகித்தல் இயக்குனர் , பெறிடோட் பூங்கா எஸ்டேட் , சர்வதேச நிதி ,