Dangote to construct Obajana-Kabba road in exchange of company’s 30% Income Tax

The Federal Executive Council on Wednesday approved a proposal for Dangote Group to construct Lokoja-Obajana-Ilorin Road in return, Dangote will hold back 30 per cent of his company’s income tax for some years.

‎The Minister of Power, Works and Housing, Mr Babatunde Fashola, disclosed this to State House correspondents at the end of the FEC meeting presided over by President Muhammadu Buhari.

The Minister said the purpose is to drive infrastructural development in the country.

According to the Minister, the proposal by one of the subsidiaries of Dangote Group, a construction company, for the construction of a section of Lokoja-Obajana-Kabba-Ilorin, specifically the section between Obajana-Kabba Road using cement, is a demonstration of how the government will continue to build going forward in order to reduce maintenance on the roads in exchange for some tax remissions.