Connect with us

Latest News

Edo: Group Gets Tax Credit From Obaseki



Kindly Share This

Edo State Governor Godwin Obaseki yesterday granted tax credit to Saro Group of Companies, as part of efforts by the government to fast-track development across the state.


Obaseki, signing the clearance certificate at the Government House in Benin, said the tax credit would be used for the development of infrastructure, including the construction of roads and upgrade of facilities, such as primary health care centres.

Read Also Tongues Wagging As Guy Is Seen Having Fun With 4 Slay Queens In His Room (Video)

He said the scheme was targeted at revolutionalising government’s approach to financing infrastructure, to engender sustainable development, as the scheme would allow private sector players to invest in infrastructure, in return for tax credit.

The governor said: “Executive Order number 1 of 2021 is the legal basis and framework on which this scheme was designed. The scheme is borne out of our desire to fast-track development of infrastructure across the state, as the government cannot do it alone.”

“I want to encourage companies, shareholders and individuals who have business interests in Edo State, or companies making money through production that the government is ready to further partner them in the area of giving them tax credit, which will be utilised to expand infrastructure in the state.”

Read Also JUST IN: Secondus Reveals Who Is Behind PDP Problems

He urged those already collecting tax credits from the Federal Government, but operating in the state, to apply such tax credits to some of the communities where they were doing their businesses.

The Chief Executive Officer of Saro Group of Companies, Mr. Rasheed Sarumi, hailed Obaseki for the tax credit.

Kindly Share This
Dear Reader, Fetching good and credible news information is tedious and requires huge finance. We are soliciting support from our readers and fans. For as low as N1,000  you can be a part of our golden membership. Your support would go a long way in assisting us to continue guaranteeing quality news to our readers across the globe. Bank transfers can be made to: Zenith Bank 1014932118 Ireporteronline communications Inquiries: Email: [email protected] Whatsapp: +234 7032341798 FOR BUSSINESS ADVERT CLICK THE WHATSAPP IMAGE BELOW