Economy Watch

FIRS Releases Tax Credit Certificate to NLNG for Bonny – Bodo Road Project

The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service, for the construction of the Bonny – Bodo Road, in Rivers State last week.

The FIRS said in a statement that the certificate was received by the Company’s Deputy Managing Director, Mr Olalekan Ogunleye, who represented the Chief Executive Officer of NLNG, Mr. Philip Mshelbila at the handover ceremony held at the FIRS Headquarters, Abuja.

The statement was signed by Johannes Oluwatobi Wojuola, Special Assistant (Media and Communication) to the FIRS Executive Chairman.

While issuing the Tax Credit Certificate, the Executive Chairman, FIRS, Muhammad Nami commended the NLNG for its increased investments in Nigeria.

“The Service has faith in your Company and the increased investments it is making in our country. We look forward, with optimism, to the completion of your Train Seven Project for it to join the country’s tax revenue streams,” Nami noted.

He also used the ceremony to highlight how the Service was improving on its relations with stakeholders, as well as building a customer-centric tax authority for improved revenue generation.

In order to efficiently deliver on its mandate, he said the Board and Management of the Service is focused on the various strategic action areas.

He said the FIRS is energizing its consultations and regular engagements with stakeholders; building a customer centric and data centric organisation while also restructuring the administrative framework and processes of the Service as well as driving towards full automation of core tax operations.

He said, “You may recall that the FIRS started with the development and deployment of an in-house digital solution – The Taxpromax Solution. This solution allows taxpayers to sit in the comfort of their offices or homes to file returns, pay taxes and conduct all forms of tax processes with us.

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