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Bonny-Bodo Road: NLNG LTD receives road infrastructure tax credit certificate from FIRS

The Nigeria Liquefied Natural Gas Limited (NLNG) received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the Bonny-Bodo Road and Bridge, in Rivers State last week.

The certificate was received by the Company’s Deputy Managing Director, Mr Olalekan Ogunleye, who represented the CEO NLNG, Mr. Philip Mshelbila at the handover ceremony on Thursday, 18th August 2022 at the FIRS Headquarters, Abuja.

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 (7) Project for it to join the country’s tax revenue streams,” Mr. 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.

The CEO of Nigeria LNG in his remarks noted that the company was a major contributor to the country’s economic development and is working towards building a better Nigeria; he also commended the FIRS for being at the forefront of economic resuscitation and progress the country is experiencing.

“I also want to put on record our appreciation for the expedited issuance of the tax credit certificate. As you know, this tax credit is in relation to the Bonny-Bodo road which is itself a landmark project and a pilot scheme in this initiative.

“This would be the first time the Island of Bonny will be linked by road to the rest of the country. And this is very significant to the development and advancement of the country because it will open new opportunities for economic activity,” Mr. Mshelbila noted.

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