NLNG gets FG’s ₦20bn tax waiver

0
8
Factual Pursuit of Truth for Progress

A waiver of N20 billion has been granted the Nigeria Liquefied Natural Gas (NLNG) for 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.

Reports say NLNG has so far received three credit certificates in the last three years valued at ₦46billion as that of thursday is the third while the fourth is expected later in the year.

President Muhammadu Buhari signed Executive Order Seven (07) in 2020 authorising 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here