Residents and investors in Akwa Ibom state have reasons to smile as the state government has approved tax holiday for all categories of taxpayers in the state.
Giving the approval during the State Executive Council meeting on Friday, Governor Udom Emmanuel directed the state ministry of finance to work out modalities for immediate implementation of the Approved Tax Holiday holiday.
Commissioner for Information, Sir Charles Udoh who confirmed the development said the decision was reached at the Governors’ Forum for grants and reward to cushion the effects of COVID-19 pandemic in the country.
He further stated that the decision was in line with World Bank requirements for giving out grants and support to state governments.
Udoh went on to disclose that the State Executive Council also considered a report on leadership training for senior civil servants to be sponsored by the State Government, adding that incident management committee has been directed to work out protocols and guidelines for the resumption of schools.
He also stated that the council had considered a report on commissioning of blocks of flats constructed by the state government under the second phase of Barracks Rehabilitation Initiative for the Nigerian Army at the Six Amphibious Battalion, Wellington Bassey Barracks, Ibagwa, Abak, and announced that the blocks of the flat would be due for inauguration in two weeks.