Tax relief for Total on renewable energy

total03 September 2013, Abuja – The Federal Government has granted Total Nigeria Plc tax relief for building a renewable energy plant.

The initiative of the firm to introduce its new ‘Awango’ portable solar lamps into the market would go a long way in leveraging the country’s drive for climate change, the government said.

Speaking at the launch of Total Sun King Solo Lamp, Awango and Total Sun King Pro Lamp, in Abuja, Monday, the Minister of State for Power, Hajiya Zainab Kuchi, also promised that the Federal Government would give fiscal incentive to investors in renewable energy.

She said the incentives form part of government’s support towards increasing the use of renewable energy.

Hajiya Zainab Kuchi, urged the firm to build a renewable energy factory in Nigeria “because there are tax holidays, fiscal policy incentives and economic incentives. I assure you, that with a population of 160 million Nigerians, is a huge market. You need to harness it even if it is just for the social responsibility that you intend.”

She said government will ensure that fiscal incentives are made available to investors in all aspects of renewable energy.

“We have economic incentives for those who import equipment, and look forward to more enhanced participation in this area,” she addded.

– The Nation

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