Connect with us

The Management of Dangote Group on Monday debunked a story alleging that the company will benefit 10-year tax holiday after constructing 35 km Apapa to Oworonshoki highway end of the Lagos-Ibadan Expressway.

Speaking at the Ikoyi head office, on Monday, Group Executive Director, Strategy, Portfolio Development and Capital Projects, Dangote Industries Limited, Mr. Devakumar Edwin, revealed that the company has never benefited any tax waivers or credits in its entire history except when it is industry based and same applies to all industry players.

He explained that while the company volunteered to repair the Apapa road as part of its Corporate Social Responsibility (CSR) initiative at no cost to the Federal Government, the construction of Apapa to Oworonshoki long highway will be done at 15 to 25 per cent less than the lowest bid.

According to him: “It is very painful when some people accuse our company of benefitting 10 years’ tax rebate from the government. There is nothing like tax credit in all these. We volunteered to construct the Apapa to Oworonshoki long highway at a cost that will be about 15 to 25 per cent less than the lowest bid on the road. We hope to get back our money after three years by removing the sum from the tax we are supposed to pay.”

He further explained that the company proposed to the government to reduce 50 per cent of the total cost of the road, from its proposed tax, on its first year after completion and 25 per cent of the costs respectively for two years from its proposed tax.

“…the government came forward and said, good enough your company is repairing a road that is very important to all Nigerians…is it possible to help us do proper road construction of 35 kilometers from Apapa to Oworonshoki? We advised the government to go for a competitive bidding and also that we will take it up at a costs that will be lower than the lowest bid received by the government. Since the government may not be handy with cash, we proposed that we will recover our money over three years in installments against our future tax. The reality is the government will not pay us for the construction, but we will only offset our costs against our three years tax.

It would be recalled that the federal government said it would give tax relief to private sectors that invest in road construction in the country. Speaking at the Road Construction Summit 2017 organised by Lafarge and Business Day at the weekend in Lagos, the Minister of Power, Works and Housing, Babatunde Fashola said that there are a lot of possibilities that lie ahead when private capital comes into road construction under the tax relief order as proposed to be amended and complements government spending.

According to him, the government has just concluded an agreement using the tax incentive order to hand over the Apapa area comprising Creek Road, Liverpool Road, Marine Beach to Mile 2, Oshodi, Oworonshoki to the Lagos end of the Toll Gate on the Ibadan Expressway to Dangote Group.

Also, he said the government has signed an agreement with NLNG to construct the Bodo-Bonny Bridge at the cost of N120.6 billion with NLNG and federal government sharing the cost.

“We have identified 28 toll plazas out of the old toll plazas, on roads where construction work is currently going on, at which we propose to restore toll plazas. We have also concluded traffic surveys on 51 major highways and now have current traffic data on these roads and we can project vehicular traffic movement for tolling and concession purposes,” Fashola said.

Going by the recent second quarter GDP report, the Minister said, “With respect to construction and related activities, GDP in the sector had been negative since Q2 2015, but turned positive for the first time in Q1 2017 growing by 0.15 per cent and continued to positive growth into Q2 2017 by growing by 0.13 per cent. The reversal in construction has to do with civil works especially due to FGN capital expenditure.”

Chairman, Lafarge Africa, Mr. Mobolaji Balogun noted that with the federal and respective state governments grappling with dwindling resources, it has become crucial that the ecosystem of public and private sector players brainstorm on issues of funding, partnerships, design, and quality of roads in Nigeria, as for sure government can no longer do it alone.

BIG STORY

Everything Has An Expiry Date, Sooner Or Later Herod Will Fall —- Fani-Kayode Attacks Buhari Again

Avatar

Published

on

Former Aviation Minister, Femi Fani-Kayode, on Wednesday, lambasted President Muhammadu Buhari.

Fani-Kayode, in a statement, lamented that the country was going through hard times under the current administration.

The former presidential spokesman, who accused Buhari of not doing enough to solve Nigeria’s problems, added that, “everything has an expiry date”.

He said: “When a President hardens his heart to reason and resorts to terrorising and killing his own citizens, when he is prepared to do anything, including turning a blind eye to mass murder, ethnic cleansing and genocide, in order to intimidate and subjugate the people and suppress dissent, when he brazenly rigs elections and shamelessly denies the people of their right to exercise the free and true expression of their will through the ballot box, when he locks up and persecutes opposition figures and targets their leaders, when he threatens and intimidates the Judiciary and when he emasculates the Legislature, when he muzzles the media, when he detains activists, journalists, bloggers, writers and political commentators and when he brutalises the people and treats them with contempt and disdain you know that his end is near.

“Our Pharaoh may appear to be invincible and all hope may appear to be lost but we must remember that it is at that very point that the Ancient of Days, the Lord of Hosts, the Mighty Man in Battle, the El Shaddai and the God of “suddenly” always shows up to display His awesome might and miraculous power.

“It has happened before and it will happen again. We must always remember that God is not asleep and that though the night may be dark and full of tribulations, fears and tears, joy comes in the morning.

“We must always remember that sooner or later the darkness will be lifted, our morning will come, the finger of the Lord will be unleashed, His purpose will be made manifest, His people will be delivered and His name shall be glorified.

“We must always remember that sooner or later something will give, Herod will fall and, once again, we shall marvel at the wisdom and power of our Lord and Defender.

“In the meantime, we must dig deep and find strength and courage in our faith, the power of His word, the justice of our cause and the sincerity in our unassailable and bold convictions. We must keep hope alive, stand firm and always be strong.

“It is only a matter of time before we bear witness and testimony to the greatest Red sea experience in the history of our nation. It is only a matter of time before Sennacherub will be consummed and slaughtered by his own sons at the altar of their gods.

“Everything has an expiry date, including the wickedness of the wicked, the rulership of the proud, the arrogance of the arrogant and the tyranny of bloodthirsty and evil men.

“When their cup is full and God says “it is time”, the spell will be broken and they shall vanish like chaff before the wind.”

Continue Reading

BIG STORY

Implement N30,000 New Minimum Wage Before May Day, Labour Tells FG

Peter Okunoren

Published

on

The Nigeria Labour Congress (NLC) wants the Federal Government to commence the implementation of the new National Minimum Wage for workers in the country before the May Day Celebration.

Mr Najeem Yasin, Acting President of NLC, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja.

He commended the Senate for approving the minimum wage bill of N30,000 on Tuesday and called on President Muhammadu Buhari to quickly sign the bill into law.

NAN recalls that the House of Representatives had earlier approved N30,000 as new national minimum wage before embarking on break for the 2019 general election.

The Nigeria Governors Forum had proposed N24,000 while the Federal Government forwarded N27,000 to the National Assembly.

“We commend the Senate for passing the minimum wage bill of N30,000 but the battle for the minimum wage was not yet over; workers will not rest until the bill is signed and implemented.

“But it is not yet over because we want them to make sure that the process gets to the logical conclusion and for the quick implementation of that N30,000. Nigerian workers are happy and commend them.

“We want the federal government to ensure its implementation before the May Day celebration, which is the Workers Day celebration. Government should greet workers with the commencement of the implementation,” the labour leader said.

Yasin, who is also the National President of National Union of Road Transport Workers (NURTW), called on the federal government to ensure effective sanctions for employers who refused to implement the N30,000 National Minimum Wage.

“We have been fighting for this N30,000 for a long time and the governors have been opposed to it. But now, it has been passed. Nigerian workers are now looking forward to the signing the bill into law,” Yasin said.

Mr Amechi Asugwuni, NLC Deputy President, also called on President Mohammadu Buhari to follow the path of honour and immediately sign into law the new pay rise document once he received it.

He, however, disagreed on call by the Senate for a review of the Revenue Sharing formulae which gave federal government 56 percent, states 24 and local government 20 percent.

He argued that the minimum wage bill was an independent bill which should not be subjected to adjustments in sharing formulae by the Revenue Mobilization and Fiscal Commission.

According to him, such calls could further slow down the already overdue implementation of the new minimum wage.

Also, Mr Joe Ajaero, President, United Labour Congress (ULC), commended the Senate for the passage of the N30,000 minimum wage.

Ajaero called on the federal government to ensure that the process of the national minimum wage implementation should not be beyond March and April.

“Government should ensure that this year May Day should be a day to celebrate the implementation of the national minimum wage. I want to say that by May 1, all employers of Labour should have implemented it,” he added. (NAN)

Continue Reading

BIG STORY

Buhari’s Prayer Warrior Kidnapped, Abductors Demand N300m Ransom

Avatar

Published

on

The kidnappers of a famous Islamic scholar and prominent reciter of the Holy Quran, Sheikh Ahmad Sulaiman, have demanded a ransom of N300 million before his release.

PRNigeria gathered that the abducted Sheikh Suleiman, a prayer warrior and fanatical supporter of President Muhammdu Buhari, had offered prayers for the re-election bid of Mr. President at some political rallies organised by All Progressives Congress (APC), in the build to the 2019 general elections.

The Islamic Scholar was returning to his base in Kano, after attending a religious function in Kebbi State when they were abducted.

However, in an audio clip obtained by PRNigeria, the kidnappers are demanding a colossal sum of N300 million as ransom, before releasing the revered cleric from their hideout.

The supposed ringleader of the abduction gang, spoke in Hausa, with a close associate of the kidnapped Quranic reciter, saying they were mandated by an influential politician to abduct and kill Sheikh Sulaiman, who their sponsor allegedly claimed is a terrorist.

“However, after taking a close observation, we noticed that our victim has no semblance to a terrorist. We discovered that he is rather a God-fearing Muslim and very knowledgeable preacher. We also interrogated him, and he told us everything about himself,” the kidnapper told the reciter’s sympathiser, in the nine-minute telephone chat.

When asked by his caller what they should offer for the speedy release of the notable Islamic teacher, the Hausa-speaking gang leader with Fulani’s accent, said they were never interested in carrying out the murderous assignment, in the first place.

“But it will be unfair that we fritter the three hundred million naira the politician gave us without executing his work,” he said, adding that, “So, we are intending to give him back his money since we may not be able to do his bidding. And again, we will also express our displeasure to him for wrongly accusing the Sheikh to be an insurgent, when in reality, he wasn’t.

“But in the meantime, you (his people) should first raise the three hundred million we will return back to the politician. And then, you will also give us money for fueling the vehicle we used to convey him to Kebbi.

“But if you people cannot raise the money we demanded, we will not hesitate to eliminate Mallam, and collect the additional sum the politician promised us if we should kill him.”

Katsina is becoming a den for kidnappers as there is hardly a day without a reported case(s) of kidnapping in the state.

PRNigeria gathered that kidnapping cases have been reported in most local government areas of Katsina State especially in Jibia, Dandume, Faskari, Sabuwa, Danmusa, Safana, Kankara, Batsari, Dutsinma, Kurfi, Funtua and Katsina metropolis.

While many of the abductions were not reported for undisclosed reasons, the recent reported kidnapping cases included that of a group of Islamic caregivers of about 20 members of First Aid Group who were abducted in Jibia and that of an 80-year-old Mother-in-Law to Governor Aminu Masari who was abducted at her Dandume Crescent, Sabon Gari area of Katsina metropolis.

Early in the year, Governor Aminu Bello Masari has blamed the continued kidnapping and other heinous crime on informants who support the bandits saying Katsina State is under kidnappers’ siege.

He said the daily security reports reaching him indicate that no day passes without a reported case of kidnappings, armed robbery and cattle rustling.

According to him, “Kidnappings, cattle rustling and armed robbery are now the order of the day in Katsina. Informants have made it difficult for security agencies in the state to operate effectively.” (PRNigeria)

Continue Reading

Most Popular