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Dangote Cement : Nigerian Govt Grants Dangote Cement $54 Million Tax Credit

The tax credit for the Apapa-Oworonshoki-Ojota expressway is valued at N21.6 billion while that of Lokoja-Obajana-Kabba expressway is valued at N721 million.
Nigeria s Federal Inland Revenue Service . | April 30, 2021 ....

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Nigerian govt grants Dangote Cement $54 million tax credit

Nigerian govt grants Dangote Cement $54 million tax credit
The tax credit for the Apapa-Oworonshoki-Ojota expressway is valued at N21.6 billion while that of Lokoja-Obajana-Kabba expressway is valued at N721 million.
Nigeria’s
Federal Inland Revenue Service (FIRS) on Thursday issued a tax credit certificates worth N22.3 billion to Dangote Cement Plc, for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road connecting Kogi and Kwara States in the country’s north central region.
The FIRS’ executive chairman, Muhammad Nami, who was represented by Femi Oluwaniyi, coordinating director, Tax Operations Group, made this disclosure while presenting the two tax credit certificates to Dangote Cement in Abuja, an Arisetv report said. ....

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Breaking News | Business FG grants Dangote Cement $54 million tax credit for road construction

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The Federal Inland Revenue Service (FIRS) has issued two tax credit certificates worth N22.3 billion to Dangote Cement Plc, for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road connecting Kogi and Kwara States.
This disclosure was made on Thursday in Abuja by the FIRS’ executive chairman, Muhammad Nami, who was represented by Femi Oluwaniyi, coordinating director, Tax Operations Group.
According to a report by Arise TV, Julius Berger would be handling the construction of the two federal roads, while Dangote Cement Plc is to be providing the funds.
The credit certificates issued to Dangote serve as waiver to cover the tax that Dangote Cement would have paid. ....

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FG Grants Dangote Cement N22.32bn Tax Credit

By Ndubuisi Francis
The Federal Inland Revenue Service (FIRS) has issued Dangote Cement Plc, tax credit certificates valued at N22.321 billion.
The tax credit certificates were for the construction of Apapa-Oworonshoki-Ojota road in Lagos and the Lokoja-Obajana-Kabba road connecting Kogi and Kwara States.
While Julius Berger is handling the construction of the two federal roads, Dangote Cement Plc is providing the funds.
The credit certificates issued to Dangote is a waiver to cover the tax that Dangote Cement would have paid.
The FIRS’ Executive Chairman, Mr. Muhammad Nami, gave the clarification in Abuja yesterday while presenting the two tax credit certificates to Dangote Cement. ....

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