3 February 2017

Nigeria: Group Opposes Tax Holidays for Power Operators

The Tax Justice and Governance Platform (TJ&GP) has kicked against government moves to grant further tax holiday to power investors, saying it would short-change both government and the public.

It instead urged the Federal Government to declare a state of emergency in the power sector and prioritize investment in power.

"The proposed tax holiday is not targeted at making electricity available for Nigerians but to serve the purpose of the elites who are benefiting from the charade, called privatisation of the power sector," the platform's steering committee said in a statement.

It said the power sector has degenerated to even more deplorable state than before it was privatized, with investors increasing tariffs, charging Nigerians for darkness and denying government revenue under cover of tax holiday.

The statement was signed by Harry Udoh, from TJ&GP in Akwa Ibom, Chibundu Uchegbu for the Imo state TJ&GP and James Eustace for the Nigerian Labour Congress.

"The entire privatization process should be reviewed and evaluated, both the technical and financial capacities of the operators," it noted.


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