The lawmaker cited the example of the 42.5km road recently constructed by Dangote group in exchange for tax break.
“I need to commend the Federal Government’s initiative in offering tax concession to Big companies to enable such companies embark on road construction work for the benefits of Nigerians. I am impressed with the work done on the 42.5 Kilometer Obajana-Kabba Concrete Road constructed by Dangote Group. The project cost was N11.5billion but awarded to Dangote Group on tax concession basis at #5.24billion. The difference of N6.2billion forms part of Corporate Social Responsibility of Dangote Group.
“I also commend the Road Tax Credit initiated by the Federal Government pursuant to Executive Order No 007 known as “Companies Income Tax Order 2019 signed by President Muhammadu Buhari on 25tln January 2019. This is a good initiative. The Order encourages Public-Private Partnership intervention to enable Government to leverage private sector funding on road infrastructure in a manner that creates value for money through private sector discipline.