The federal government has granted the Nigeria Liquefied Natural Gas (NLNG) company N20 billion tax waiver for the construction of Bodo Bonny Bridge in River State.

According to a statement released by FIRS, the tax agency presented a road infrastructure credit certificate to NLNG yesterday in Abuja.

In the last three years, NLNG has issued three credit certificates totaling N46 billion. The third is scheduled for Thursday, with the fourth coming later in the year, according to FIRS.

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Julius Berger spent N120.681 billion to construct the Bodo Bonny Bridge and roads across the Okpobo channels in Rivers State. “As a result, the government has given the company a tax exemption of N20 billion,” according to FIRS.

Mr. Femi Oluwaniyi, coordinating director, Tax Operations Group, on behalf of FIRS chairman Muhammad Nami, urged other corporate bodies across the country to join NLNG and Dangote Nigeria Limited in taking advantage of the government’s tax credit facility.

Oluwaniyi praised NLNG for paying its 2020 tax obligations valued at ₦130 billion three months ahead of time.

Receiving the tax credit certificate on behalf of NLNG, Mr. Bayo Denrele said NLNG provided 50 percent part funding for Bodo Bonny Bridge project with the federal ministry of Works taking up the other half. Julius Berger handled the construction of the bridge.

Denrele commended the FIRS for speedily processing the latest tax credit certificate. He noted that the company got the last certificate in November 2020.

According to Bayo Denrele, “the speed with which the FIRS handled the issuance of this certificate is a testament to the efficiency of the FIRS”.

Dangote Nigeria limited is another company that has enjoyed tax waiver for providing infrastructure.