FG Moves To Check Investors’ Abuse Of Incentives

Must Read

Leah Sharibu Delivers Baby Boy For Top Boko Haram Commandant

  Leah Sharibu, the Dapchi schoolgirl abducted by Boko Haram insurgents, has reportedly given birth to a baby boy early...

Buhari Cannot Defeat Boko Haram: Fani-Kayode

Former minister of aviation, Femi Fani-Kayode has expressed that President Muhammadu Buhari cannot defeat terrorist group, Boko Haram. This is...

Chelsea Survive Late Hull City Scare To Qualify For FA Cup Fifth Round

Chelsea survived a late scare from the championship side, Hull City to qualify for the FA Cup fifth round...

Lassa Fever: 24 Killed, 163 Cases Confirmed So Far In January

At least 24 people have died of Lassa fever in the country since the latest outbreak of the disease...

University Of Ibadan Offers Admission To 4,359 Out Of 19,482

The University of Ibadan approved the provisional offer of undergraduate admission to 4,359 candidates for the 2019/2020 academic session. According...

The Federal Government will, henceforth, ensure proper use of incentives provided to investors in the country.

Fielding questions from the News Agency of Nigeria (NAN) in Abuja, Mrs Uju Baba, Executive Director, Nigerian Investment Promotion Commission, on Saturday said the incentives were provided to stimulate private sector investment from within and outside the country.

“This is part of efforts to provide enabling environment for the growth and development of industries and inflow of foreign investment.

“This will also stimulate the expansion of domestic production capacity.

“It is hoped that the incentives will help revive the economy, accelerate growth and development and reduce poverty,” Baba said.

According to the director, the incentives will cover all the sectors of the economy. She added that the nature and application of statutory, export and other incentives had been simplified.

“Because some of the investors are misusing the incentives, the federal government has decided to put in place measure to ensure proper use,” she said.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -