Incentives are growing on the heel of the just concluded Oganiru-Enugu State Investment Summit, as the state government promises intending investors of friendly tax holiday.
This was disclosed to Daily Times by Mrs. Adaonah Kene-Uyanwune, the Senior Special Assistant to Governor Ifeanyi Ugwuanyi on Revenue Generation.
Uyanwune said that the state had a tax system that would not choke investors, adding that there were excellent tax holiday mechanisms for new entrepreneurs.
“We are trying to harness on all taxes so that there will not be multiplicity of taxation that kills investors.
“An investor is interested in a tax holiday, but there are certain basic taxes that are sacrosanct and can’t be waived. If the state is going to generate its own revenue, what it means is that its liquidity will increase and when you increase your liquidity, all the agenda and electoral promises of government will be met,” she said.
Uyanwune said that government was interested in working with private investors to reduce capital flight.
She said that by commercialising some of the state enterprises, government wanted to encourage the participation of the private sector in service delivery.
“We know that the economic indices of government have nosedived and the best direction is to look inwards to generate a revenue base that is sustainable.
“We have a lot of moribund industries that government has put out for investors to participate in either through a build, operate and transfer system, or build operate and manage system” she added.