Tuesday, 5 January 2016

Katsina woos new business entrants with 5-year tax holiday

Katsina State Government is to provide a five-year tax holiday for any prospective new industry wishing to commence operation, the Chairman of the State Investment and Economic Summit, Ibrahim Tukur Jikamshi has said.

Speaking with the Daily Trust in Katsina, Jikamshi noted that this is among the many incentives by the government to attract new companies and investments.

The official said the World Bank ranked the state 7th in ease of doing business in Nigeria, ahead of Lagos, Kano, Rivers and Cross Rivers. It was ranked 17th in order of Public Private Partnership (PPP) GDP with $6,022.

Others he said include, approval for the processing and granting of Certificate of Occupancy (C of O) for industrial purpose within a period of 30 days in addition to patronage where government and its agencies purchase products of some companies operating in the state.

Jikamshi said government shall provide plots of land within the industrial area

and  basic infrastructural facilities adding that 'there shall be a reduction of amount charged on consent to mortgage land to the barest minimum.

This is not limited to local entrepreneurs but investors from anywhere willing to come and set up enterprises and companies across the state.'