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Anambra State Approves Tax Exemptions For Small Businesses

Olusola Blessing by Olusola Blessing
November 28, 2024
in Business, News
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Anambra State Approves Tax Exemptions For Small Businesses
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The Anambra State Government has introduced several initiatives aimed at boosting local businesses, improving infrastructure, and enhancing public services. These decisions were announced after the 35th State Executive Council (ANSEC) meeting.

Highlights from the Meeting

Tax Exemptions for Small Businesses

Tax exemptions have been approved for groups with business capitals below ₦100,000, a move to support micro-businesses and ease financial burdens on small-scale entrepreneurs.

Decentralized Sanitation Management

More powers have been devolved to local governments in the state for managing sanitation, enhancing grassroots involvement in environmental cleanliness.

Encouragement for Public-Private Partnerships

The state reiterated its preference for leasing and concession agreements over direct management of public enterprises, inviting investors to partner with the government to improve efficiency.

Infrastructure Development Projects

Rehabilitation of Injection Substation

The vandalized substation at Chukwuemeka Odumegwu Ojukwu University, Igbariam Campus, will be rehabilitated at ₦228.1 million by Kolc Ventures.

Internet Access for State House of Assembly

Pine Heights Global Resources Ltd will provide free internet access to the Anambra State House of Assembly Complex, Awka, at a cost of ₦81.8 million, to be installed within two weeks.

Construction of Open Stalls in Isuofia

151 open stalls will be constructed at Afuzo Market, Isuofia, to support local commerce, with the project awarded to Crystal Dove Construction Company for ₦279 million.

Road Marking at Amawbia Flyover

Allpee International Ltd will handle the road marking of the Amawbia flyover motorway for ₦118.7 million, with completion expected in six weeks.

Health Sector Investments

New medical and non-medical hospital equipment will be supplied to:

  • Specialist Hospital, Fegge.
  • General Hospital, Anaku, Onitsha South, and Ayamelum LGAs.
  • Contract awarded to Chrislaug Ltd.
  • Other Notable Updates

A prayer was observed for the late Senator Ifeanyi Ubah, whose passing was described as a major loss for the state.

The anti-touting law remains in force, with touts encouraged to join empowerment schemes for legitimate livelihoods.

These initiatives reflect Governor Charles Soludo’s vision of fostering sustainable development, empowering small businesses, and improving the quality of life for residents.

 

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Tags: Anambra infrastructure projectsAnambra tax exemptionssanitation management reformsSoludo administration updates
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