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Tax credit: Unique, workable approach to infrastructural development - By: Musa Ilallah


Tax credit: Unique, workable approach to infrastructural development
By
Sat Jul 24 2021
It is undoubtedly no longer strange to Nigerians from all walks of life that the country has been engulfed in life-threatening crimes such as terrorism, banditry, cattle rustling, kidnapping, armed robbery, drugs peddling, rape and a lot more that have become a cog in the wheel of progress of Nigeria and Nigerians.
Similarly, the dwindling fall in oil prices triggered by global economic meltdown and recessions have impacted negatively on Nigeria’s match to growth, progress, economic and infrastructural development.
This made it very imperative for the Nigerian leadership from 2016 to seek alternatives to bridge the wide budgetary gaps created by the situation for good governance aimed at serving the people. ....

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FG Approves N309.9bn Road Contract for Dangote as Tax Credit


Deji Elumoye in Abuja
The federal government yesterday gave the go-ahead for the award of a contract to Dangote Group for the construction of five roads totalling 274.9 kilometres at the estimated cost of N309,917,717,251.35 to be advanced by the company as a tax credit.
This is just as the government also formalised the Police Special Service in the interest of transparency and accountability while approving N8.6 billion to the Ministry of Health for the procurement of HIV/AIDS kits.
Briefing reporters at the end of the Federal Executive Council (FEC) meeting, presided over by President Muhammadu Buhari at the State House, Abuja, Minister of Works and Housing, Mr. Babatunde Fashola (SAN), said the road contract would be executed on concrete and will be the larger of such project in the country. ....

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