Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home General News Business News

Tax credit scheme: NNPC to mobilize funding for the Badagry Expressway project

William Ukpe by William Ukpe
November 17, 2021
in Business News
Tax credit scheme: NNPC to mobilize funding for the Badagry Expressway project
Share on FacebookShare on TwitterShare on Linkedin

The office of the Federal Controller of Works in Lagos has revealed that it is working with the Nigerian National Petroleum Corporation (NNPC) to mobilize funding for the Badagry Expressway project.

This was disclosed by the Federal Controller of Works in Lagos, Mr Olukayode Popoola, in an interview with the News Agency of Nigeria (NAN) on Wednesday in Lagos

The NNPC had hinted last month that it is committed to utilising the Federal Government’s Tax Credit Scheme to rebuild some of the bad roads in the country in line with Mr President’s Executive Order 7.

What the Works Controller is saying

Popoola said, “Lagos-Badagry Expressway project is part of the projects NNPC is funding under the Tax Credit Scheme among the 21 roads selected nationwide.

“So, it is going to receive a lot of attention more than what it has been receiving before.”

He also stated that the funds were already available but that NNPC was perfecting documentation towards mobilising fully to the site, citing that in a couple of days, the agency should be done with documentation.

“This month, give us like another one week more, NNPC funds will be on the road, you will see the effect in a week’s time.

“The contractors are on site and have never left, so, if this fund comes now, it is another way of strengthening them and they will move faster,” he said.

Popoola, though, did not reveal the total sum voted for the highway, stated that the road construction would be evaluated the same way the SUKUK funds were monitored for monies to be released based on the valuation of the actual construction done on the site per time.

The  Lagos State Government is responsible for the Iganmu–Okokomaiko section of the highway, while FERMA is handling Okokomaiko–Agbara axis of the road.

In case you missed it

Nairametrics reported last month that the NNPC stated that it is committed to utilising the Federal Government’s Tax Credit Scheme to rebuild some of the bad roads in the country in line with Mr President’s Executive Order 7.

Related

Tags: Badagry Expressway projectMr Olukayode PopoolaNigerian National Petroleum CorporationNNPC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
First bank


Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets




    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Airbnb to close its domestic business in China
    • Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery
    • NNPC, Sahara Group invests USD300m in gas carriers to drive clean energy access in Africa

    Follow us on social media:

    Recent News

    Airbnb, HotelTonight, Sheraton, Hospitality business

    Airbnb to close its domestic business in China

    May 23, 2022
    Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery

    Court convicts former Reps member, Chuma Nzeribe of impersonation, forgery

    May 23, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com