talk4free:
So I guess we can all request for tax breaks for all the street roads that lead to our houses that we have fixed. The law says any individual (you and I) and says any publicly owned (other people use the road too). Hence we are entitled to tax breaks as well.

Heck it also includes buying of electric poles and transformers for our area. Hope we can hold Mr Fashola to this. Naija, lets wise up. If its good for Dangote, it's good for us too in our own little ways.

Lol... I think you would have to seek and get approval from the govt first before you proceed with changing electric poles on your street. I strongly believe Dangote must have been fighting for this approval for a long time before getting it today, even state governments that want to build federal roads do seek approval before they proceed. If you like, you can go buy the poles, but OYO may be your case.

modath:

Aliko Dangote is the luckiest human being alive!!! Very soon he will be handed Nigeria to "manage"

Got Tax incentive to build the road that services his business, a road that was primarily damaged by his heavy duty trucks!!

Dangote should NEVER think of joining politics or dream of becoming the President of Nigeria one day else MKO Abiola treatment awaits him...

modath:


Do you honestly believe any road exists that wasn't "ever in good condition"?

The road was in a good shape even while the factory was being constructed,soon as he finished and those heavy trucks became a permanent fixture on that road, gbege happened....

I'm talking 07-11 or thereabout...

I am sure he wasn't rasing up hisbtruck and smashing it in the road to 'dmage' it with intent.

The govt is responsible for repairing any damagedbroad, so far it is without intent because he pays his tax!

And if there is an agreement to calculate his tax and use it to order cement from him to build the road, that is not a problem.

ilawanson44:
Forget it! The main composite of the cement to be used for the road will be reduced or adulterated to lower quality!

I'm categorically telling you that he doesn't use the lower quality cement to construct the road, the cement the company uses in constructing the little known road I know he constructed was purely good.

Popri:


IMO, this is a wrong move by this government
He should be given a bigger responsibility, This is NOTHING in comparism to his taxes, and no one should talk about his recent donation in Maiduguri...This is Nigeria not America

Babe, the guy paid 1% tax for 5yrs straight! Naija for show!!!

gabbytabby:


Here they go again wailing wailers enemies of progress. One would guess that roads were meant to be used to the exclusion of trailers. Dangote heavy duty and othersmust fly on their wailing carriage.

qwuantinnu.

Just imagine? Later ur likes will come out and say he's a graduate too!
Graduate with out common sense

Stalwert:


If my memory serves me right that road has long been in a bad state. Though his trucks eventually murdered it beyond repair. I wonder does he even pay anything for using the mineral resources?He seems more interested in being world richest than doing more to developed our country.

He cannot be the worlds' richest without providing something of value. In other words, he is rich because of what Nigerians have given to him (profits). In turn, he has given Nigerians commodities and cement. I argue that what he has given to Nigeria is far more than what Nigeria has given to him, in terms of products, jobs, efficiencies, investments, and pride; and he has been rewarded by the market for it.

OlujobaSamuel:

@your attached image, I think big corporations should tap into that, there will be ease of life and business in almost every state of the federation, but some will still prefer the tax route because they know they can evade tax at will without much effort from the government to force them to pay.

Smiles lagos irs boss is now @ d federal level (firs) just watch how companies will be Sealed up if they try to form smart

modath:



Which year are we talking? & bear in mind that "bad" road in Nigeria is relative...



Deen77

It's called social responsibility, it's global best practice, we are used to so little that just a little more feels like so much more!!

Dangote made a trillion naira profit and only paid 12bn as tax, which translates to 1%! Where else does that happen but this banana republic?

BTW, he is getting CBN forex for his Congo cement factory, does that sound like it's ok to you?

I still maintain, fixing that road is his responsibility!!

@ bolded. Dangote annual TURNOVER is not yet up to a trillion naira talkless profit. Providing water, local roads, or school for the environs where his factories are, is understandable CSR but constructing interstates trunk A national road? Mba.

The depot owners along Apapa axis are not asked to reconstruct Apapa expressroad, why should Dangote?

modath:

Aliko Dangote is the luckiest human being alive!!! Very soon he will be handed Nigeria to "manage"

Got Tax incentive to build the road that services his business, a road that was primarily damaged by his heavy duty trucks!!

I can still remember vividly, the road was not in total good condition before the arrival of the cement factory, only that it got worse after the factory was built and heavy duty truck Started using the route. But I think this is a good development if company like dangote tax can be diverted to infrastructure that will benefit Nigerians and safe life than paying the tax into government account where some people will syphon it for there own good.

Stalwert:


If my memory serves me right that road has long been in a bad state. Though his trucks eventually murdered it beyond repair. I wonder does he even pay anything for using the mineral resources?He seems more interested in being world richest than doing more to developed our country.

Owing to the usage of that road by his factory + so many profits derived from that factory, building that road should be part of his social/societal obligations to the society where his business operates. I think social responsibility to host communities by multinationals is legal.

I don't know why FG is adding another incentive again. Any ways, na his luck, after all no be him tell our govt officials to be mùmu.

modath:




God knows I don't have anything against his person or business ventures but how he gets "lucky" with every successive government is a source of mystery!!

He should have fixed that road long before now!! That road shaved off more than 90mins of travel time between Abj and the SW...

Its state of disrepair contributed to the death trap and vehicle damaging expanse of okene-lokoja!! That road is real inilara and afonilori...

Anyway Alhaji Putin will always be Alhaji Putin sha...

Why do think it is his responsibility to fix the road? Is that not why he pays tax. F. Y. I. Businesses pay tax to the government so the govt can provide needed infrastructure (roads inclusive).

and work has commenced already, by AG Dangote construction .... hopefully we will b free from d dusty road..

TonyeBarcanista:
Na wa o. Which kind country be this? For How long will he withhold the 30% tax? Is it eternal? When will he complete the road? May we see the specification? This looks fishy!



BTW: Dangote is the real AGIP

don't worry about the specification and other details, you are not more Informed or patriotic than those who signed the deal, they know better than you. it's not every thing you criticize. tax incentive is normally used by govt to encourage investors.

Nigerians will regret having BRT as their minister of work and power.
Bringing all the shady deals he did with all those multinationals in Lagos as a governor to the centre won't spell good for us.
No sentiment attached but that's the feelin I get wen without improved power, yet he increased tarrif, now we don't even talk of affordable housing anymore. Abi that fuel prices... Abeggiii

You will prefer him not building a refinery and we keep importing right ? If not for Dangote how much do you think a bag of cement wou'd have cost now ? Forget sentiment dangote is a blessing to Nigeria. How many roads did Nigerian brewery and coca cola build with their haulage trucks all over Nigeria roads.

ColeworldMD:
he was recently rated as most powerful man in the country ahead of Mr. President, I don't think that was a fallacy. Unfortunately he's a capitalist & a monopolist, that's not the kind of person you'd want to have all that money & power. This is just a tip of the iceberg compared to when the refinery is completed. It's left for our govt to protect us.

2n2k:



@ bolded. Dangote annual TURNOVER is not yet up to a trillion naira talkless profit. Providing water, local roads, or school for the environs where his factories are, is understandable CSR but constructing interstates trunk A national road? Mba.

The depot owners along Apapa axis are not asked to reconstruct Apapa expressroad, why should Dangote?

Relax, I'm not a Dangote hater, he does what any sane business person would!!!


His company made 1trillion profit for him in 5yrs, I didn't dream it up, they put out a press release... will get a more compact link later, "manage" this for now.

http://nairametrics.com/and-heres-a-recap-of-this-weeks-trending-stories/

owanedo:
don't worry about the specification and other details, you are not more Informed or patriotic than those who signed the deal, they know better than you. it's not every thing you criticize. tax incentive is normally used by govt to encourage investors.

In some cases we do know better oga. Its not rocket science I guess to Sa the least and come to think of the lies and deceits we have seen so far from this govt, I calls for concern. So don't blame no one for raising his voice

Fashola did one meaniful thing since office assumption, in his mind...'We are all crawling after slowbubu'

That is not the only road that should be repair by Dangote ,on daily basis more than 1000 Dangote trailers plies Papalanto-shagamu road. Coming from Ibese factory to supply other part of the nation Honestly if you pass that road in Ogun state u won't believe you are in Nigeria its a death trap OGa Fashola consider that road too

modath:



Which year are we talking? & bear in mind that "bad" road in Nigeria is relative...



Deen77

It's called social responsibility, it's global best practice, we are used to so little that just a little more feels like so much more!!

Dangote made a trillion naira profit and only paid 12bn as tax, which translates to 1%! Where else does that happen but this banana republic?

BTW, he is getting CBN forex for his Congo cement factory, does that sound like it's ok to you?

I still maintain, fixing that road is his responsibility!!

omolola15,

If he fixed Ibeshe road without a penny, why not Obajana?

So much ado about Dangote getting forex to build a cement factory in Congo. If not from the CBN, where was he going to get the forex from?.... All the foreign companies that set-up plants in Nigeria, e.g. etisalat, mtn, etc, don't they get their forex from their home countries?... So what exactly is the big deal about Dangote getting forex from the CBN to set-up a plant in congo which would return forex to Nigeria?.... Besides, as at the time he got the forex from CBN, we didn't have the large disparity between official and parallel market rates, so what's the biggie?

As for the case of Dangote building this road, I dont think I have any problem with this. I do not pass this road, but I'm sure there are hundreds of thousands who pass through this road on a daily basis who would be exceedingly happy with this development. I can bet you, if we allow the FG to take those taxes and fix that road, the road might remain the way it is for the next 10 years. We need to undeerstand that we have irresponsible leadership in Nigeria and anything to bring ensure infrastructural development, be it toll gates or tax incentives would be beneficial to the masses. On this one, it's not about what is right, it's rather about what is necessary.

2n2k:


Million likes.

I don't know why Nigerians always go gaga once indigenous company is mentioned. It is the duty of government to provide infrastructure as incentive for industrial development. Like one poster up there said, let his trucks even uproot the roads, it is government duty to put it back in order.

How many roads have government forced the depot owners to reconstruct just because their tankers passed on them? If Dangote had not put up the cement factories in Nigeria, we would have been importing. Will the cement be flown into hinterland from the ports?

What government has done now is to collect at least 30% of tax for many years in advance from Dangote on the future profits that he has not yet made.

If he had got pioneer status like all these foreign telecoms companies that came to Nigeria, he would have been entitled to tax-free profit for at least 4 years. Nobody shouted about MTN, Etisalat and even Glo when they got that.

Dangote cement have been enjoying pioneer status since 2008, only recently did some of their production lines begin to suffer tax. Apparently with this new deal, their no tax status has been restored in a way.

freshdude99:

Just imagine? Later ur likes will come out and say he's a graduate too!
Graduate with out common sense

I have read a couple of your posts and your idea of common sense is laughable.

fresher with a substandard education.

Aseneshii:
You will prefer him not building a refinery and we keep importing right ? If not for Dangote how much do you think a bag of cement wou'd have cost now ? Forget sentiment dangote is a blessing to Nigeria. How many roads did Nigerian brewery and coca cola build with their haulage trucks all over Nigeria roads.

You have a very very low knowledge of history bro, how much was cement before?
And was it not dangote and objs conspiracy that led to ban on ibeto who was then a major competitor and even a cheaper substitute. That ban gave dangote almost 98% of the market. The next we saw was price moved to #800, #1000, #1500 and so on
Brother the more we look the less we see.

saintdennis:

Smiles lagos irs boss is now @ d federal level (firs) just watch how companies will be Sealed up if they try to form smart

true sha, Fowler no dey smile, the love money die.

obailala:
So much ado about Dangote getting forex to build a cement factory in Congo. If not from the CBN, where was he going to get the forex from?.... All the foreign companies that set-up plants in Nigeria, e.g. etisalat, mtn, etc, don't they get their forex from their home countries?... So what exactly is the big deal about Dangote getting forex from the CBN to set-up a plant in congo which would return forex to Nigeria?.... Besides, as at the time he got the forex from CBN, we didn't have the large disparity between official and parallel market rates, so what's the biggie?

As for the case of Dangote building this road, I dont think I have any problem with this. I do not pass this road, but I'm sure there are hundreds of thousands who pass through this road on a daily basis who would be exceedingly happy with this development. I can bet you, if we allow the FG to take those taxes and fix that road, the road might remain the way it is for the next 10 years. We need to undeerstand that we have irresponsible leadership in Nigeria and anything to bring ensure infrastructural development, be it toll gates or tax incentives would be beneficial to the masses. On this one, it's not about what is right, it's rather about what is necessary.

I agree, I'm not objecting like it's coming across, i just feel that 30% is sorta high, maybe 10%....

&i have a personal stake in that road, as a SWerner who lives in FCT, it would so delight me...

Aseneshii:
You will prefer him not building a refinery and we keep importing right ? If not for Dangote how much do you think a bag of cement wou'd have cost now ? Forget sentiment dangote is a blessing to Nigeria. How many roads did Nigerian brewery and coca cola build with their haulage trucks all over Nigeria roads.

who's talking about sentiments here. And stop putting words in my mouth. If u can't comprehend what I wrote don't quote me.

Nothing new about it. It was initiated by the last administration.

freshdude99:

You have a very very low knowledge of history bro, how much was cement before?
And was it not dangote and objs conspiracy that led to ban on ibeto who was then a major competitor and even a cheaper substitute. That ban gave dangote almost 98% of the market. The next we saw was price moved to #800, #1000, #1500 and so on
Brother the more we look the less we see.

Cement at N800 when naira was 150 to a dollar and at N1, 100 now that dollar is 330 is not the same. In my view, without Dangote cement would be costing much more now. His massive capacity is keeping the price down. What I'd love Dangote to get involved in now is power, because the guy doesn't do anything on a small scale.

The other Nigerian businessmen are lazy. They prefer easy import business. And it's a factor with all Nigerians. All we do is buy from US, UK, China, Turkey, Dubai and come and sell. Nobody makes anything in Nigeria. Dangote is enjoying the superior reward for his greater risk.

modath:


I agree, I'm not objecting like it's coming across, i just feel that 30% is sorta high, maybe 10%....

&i have a personal stake in that road, as a SWerner who lives in FCT, it would so delight me...

Well, we don't know the full details of the agreement; we dont know how long the tax relief is for and we don't know if it applies to only this particular Dangote business or all his businesses.

DropShot:
I think this is wrong.

We need full details to be able to determine if this is good for us or not.
1. Is the 30% concession tax for the entire Dangote Grp or for just the cement factory in Lokoja?

2. For how many years will Dangote hold back the 30% tax?

3. By when must the project be completed and handed over?

4. Is there a minmum quality standard specified for the construction work?

5. Will the FG supervise the work to ensure standards are met?

6. Has a cost estimate for the project been done and compared to the 30% concession tax. That way, we will know how much we lose or gain by this arrangement.

Without answers to these questions, I say it's not a good strategy.

GBAM. Thank you. You nailed it. Majority of Nigerians generally are mentally lazy. They don't ask good questions.

Dangote has exploited this country simply because the North will always back him but if the person involved is a southerner, then he will write epistle.

This country unbeknown to the Southerners is the Federal Republic of Northern Naijeyira.

COMPAQ:



Cement at N800 when naira was 150 to a dollar and at N1, 100 now that dollar is 330 is not the same. In my view, without Danone cement would be costing much more now. His massive capacity is keeping the price down. What I'd love Dangote to get involved in now is power, because the guy doesn't do anything on a small scale.

The other Nigerian businessmen are lazy. The prefer easy import business. And it's a factor with all Nigerian. All we do is buy from US, UK, China, Turkey, Dubai and come and sell. Nobody makes anything in Nigeria. Dangote is enjoying the superior reward for his greater risk.

The reverse should be the case bro, after selling most of the state owned cement factory to dangote and with the market share he controls, cement in Nigeria should be way way cheaper. Its just like saying cost of dstv subscription in SA and Nigeria or call rates in SA and Nigeria. SA is far cheaper. And for ur information dangote is not the only entrepreneur producing in Nigeria, over there in SW and SE there are alot of them but probably don't enjoy same favour as dangote does with FG. Í think the humble fellow is damn lucky tho every investment banker is lucky so long as he makes more money for his cronies and keep their money safe