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Hyundai, Dangote Sinotruck, Honeywell, others enjoy Nigeria s tax holiday (FULL LIST)
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FG rejects tax relief applications from Flutterwave, Flour Mill, 8 others
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By Femi Falana
Comrades, friends, fellow compatriots, Ladies and Gentlemen, we are here to celebrate one of our very best; one of the best our continent can offer not just in terms of academic achievements and intellectualism, but also in clear-headed and consistent political activism and revolutionary practice. Professor Omotoye Olorode is not just an example in selflessness and sacrifice for the liberation of Nigeria and Africa, but also a study in humility and mentorship of generations. He is one Nigerian that has absolute confidence in the future and the ultimate triumph of our people over backwardness, neo-colonialism and imperialism.
It is
worth reiterating that gas flaring reduction potential was part of
the underlying opportunity for the (otherwise laudable)
project. PI&D obtained arbitral award against Nigeria,
sought to enforce same inclusive of the substantial interests and
Nigeria after some initial lethargy and missteps is now actively
challenging same, arguing that the entire project was a fraud. See
Fikayo Akeredolu, Nigeria and P&ID: The Story
Behind the $9.6 Billion Judgement, Nigeria Wins Another Victory Against
P&ID ,
Energy Voice, 30.09.2020:
https://www.
energyvoice.com/oilandgas/africa/268744/nigeria-pid-court-guarantee/;
Kush Amin, Did an Alleged Corrupt Natural Gas
Contract Rob Nigeria of US$9.6 Billion? ,
A. OVERVIEW
President Muhammadu Buhari signed the Finance Act 2020 into law
on December 31, 2020. The new legislation followed hot on the heels
of the Finance Act 2019
1 which amended several tax
statutes. The Finance Act 2020 was enacted in furtherance of the
Federal Government s progressive reform of the business climate
in Nigeria, and the need to constantly restructure the tax system
to align and conform same with international best practices, and
make it respond effectively to the changing socio-economic
landscape.
Specifically, the Finance Act 2020 amended fourteen (14)
principal tax and tax-related legislation. The thrust of the
legislation includes boosting government revenue, preventing base
erosion, streamlining areas of regulatory conflict and clarifying
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