BUSINESS
Edo State Govt Rakes In $3bn Investment Revenue In 7 Years As Obaseki Signs Six Executive Orders On investments
The governor of Edo State, Godwin Obaseki, says his administration has raked in $3bn worth of investments over the last seven years, as he signs six executive orders on investments to further improve the business climate in the state.
He explained that the executive orders will improve the ease of doing business in Edo State. Notable among the contents is a tax waiver for small scale businesses where the owners earn below the minimum wage in the state.
“We are very keen on supporting small and medium size businesses and we are also conscious of the fact that we don’t want to overburden them with tax while they are at their nascent stage of development.
“So the adoption of pre-emptive income tax regime for small businesses in Edo State now ensures that except you are earning above the minimum wage as a proprietor or an entrepreneur you will not be liable to tax and when you begin to make money then we expect that you meet your obligations.
“We have received in excess of $3 billion in the last seven years in various areas as investments, either in agriculture, in technology, in manufacturing, in services and this is just the beginning.
“With these executive orders I have just signed, I expect that we will see rapid increase in investors who want to take advantage of the opportunities which Edo offers, Obaseki said.
While signing the executive orders at the executive council chambers of the government house, Governor Obaseki added that all agencies in the investments sector will make their transactions open to the public to ensure transparency and accountability.
(Channels TV)
Fresh Kidnap Attack Rocks Benue Highway, Three Abducted, Driver Shot
ICPC Vows to Name Owners of Recovered Assets, Publish Details
Brooklyn Collapse: How Nigerian Landlord Dodged Crackdown For 26 Years Before Building Killed 8
NDLEA Arrests US Basketball Player With 33.95kg Cannabis at Lagos Airport
NLC Gives Oborevwori 2-Week Ultimatum Over Ban On Motorcycle Union, Threatens Showdown In Delta
Akpabio Dares Amaechi to Produce Evidence of Alleged 50% NDDC Deductions
2027 Election: Obaze Urges Obidients to Become INEC Ad Hoc Staff to Prevent Rigging
Dokubo-Asari Declares ‘Suffering Of Ijaw People In Gelegele Has Come To An End’
Oborevwori Celebrates Bishop Ewherido, Fr. Anamali 40th Priestly Anniversary In Warri
ICPC Recovers ₦5.3bn From LG Accounts In 7 States, FCT, Moves To Put Every LG’s Books Online
Nigeria Cannot Progress With Primitive Leadership Selection, Jonathan Warns
Amupitan Not Resigning — INEC Debunks Viral Image After London’s Chatham Protest
‘Every Win Encourages Us To Do Better’ — Oborevwori Reacts To Sun Governor Of The Year Award
Bayelsa Gas Deal With US Firm Could Exceed $3bn Guyana Project – Fulcrum CEO
Why Malaysian Police Shot Dead Nigerian Man After Officer’s Hand Was Severed.
