FIRS grants NLNG N20bn tax waiver for bridge construction

FIRS grants NLNG N20bn tax waiver for bridge construction

The Federal Inland Revenue Service (FIRS) has granted the Nigeria Liquefied Natural Gas (NLNG) Company N20 billion tax waiver for the construction of Bodo Bonny Bridge in Rivers State.

The tax agency presented a road infrastructure credit certificate to NLNG yesterday in Abuja; according to a statement that was issued on Friday, April 23, by FIRS.

NLNG has so far received three credit certificates in the last three years valued at N46billion. Thursday’s own is the third while the fourth is expected later in the year, FIRS said.

The Bodo Bonny Bridge as well as roads across Okpobo channels in Rivers State were constructed by Julius Berger at a cost of N120.681 billion.

“For this, the government has granted the company a tax waiver of N20 billion,” FIRS said.

A statement by the FIRS chairman, Muhammad Nami represented by coordinating director, Tax Operations Group, Mr. Femi Oluwaniyi; urged other corporate bodies across the country to join NLNG as well as Dangote Nigeria Limited; to take advantage of government’s tax credit facility.

Oluwaniyi praised NLNG for paying its 2020 tax obligations valued at N130 billion three months ahead of time.

Receiving the tax credit certificate on behalf of NLNG, Mr. Bayo Denrele said NLNG provided 50 percent part funding for Bodo Bonny Bridge project with the federal ministry of Works taking up the other half. Julius Berger handled the construction of the bridge.

Denrele commended the FIRS for speedily processing the latest tax credit certificate. He also noted that the company got the last certificate in November 2020.

“The speed with which the FIRS handled the issuance of this certificate is a testament to the efficiency of the FIRS,” Denrele said.

Meanwhile, the Peoples Democratic Party (PDP) on Friday, April 23; criticised the Presidency for its recent statement in which it declared its support for the Minister of Communication and Digital Economy, Dr Isa Pantami.

This was also contained in a statement issued on Friday, April 23, by its National Publicity Secretary, Kola Ologbondiyan.

The PDP stated that the Presidency has shown desperation to provide official cover to “a terrorism apologist”; alleging that such action confirmed the apprehensions that the All Progressives Congress (APC) administration was patronising acts of terrorism in the country.

Also Read: Uzodinma accuses politicians of funding bandits to discredit Buhari

“Nigerians were traumatised that the Presidency could mount a hopeless defence as well as justification; for the actions of the exposed Minister of Communication and Digital Economy, Isa Pantami; who had already confessed to supporting terrorist groups like al-Qaida and Taliban.

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