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The Anambra State Government has authorized tax exemptions for businesses with capital investment of less than N100,000, a notable step in supporting small enterprises and ensuring that fledgling businesses have the necessary space to grow and thrive in a competitive market.
Additionally, the state government has granted more authority to local governments, particularly in the domain of sanitation, ensuring that they are better equipped to handle waste management and environmental cleanliness at the grassroots level.
On Tuesday, the state’s Commissioner for Information, Law Mefor, made the announcement through a press statement, indicating that these approvals were finalized during the 35th State Executive Council meeting.
Mefor explained that the council also encouraged private investors to take charge of managing public enterprises in the state, emphasizing that leasing and concession agreements offer more viable solutions than the government’s direct involvement.
During the meeting, he shared that a prayer was said for the late Senator Ifeanyi Ubah, the former representative of Anambra South at the 10th National Assembly, asking for his eternal peace. He also mentioned that Governor Soludo had reflected on his role in leading the state’s official delegation to Ubah’s funeral in Nnewi, highlighting how the senator’s untimely death had left a deep void, reminding everyone of the inevitable passage of time and our own mortality.
According to him, the council restated that the anti-touting law of the state remains in force and strongly advised touts to join the Soludo administration’s empowerment schemes for legitimate livelihoods.
He said, “The council also approved tax exemptions in Anambra State for groups whose business capitals are less than N100,000 and devolution of more powers to the local governments in the state in the area of sanitation.
Read also: Tax Literacy Initiative Introduced In Anambra Schools
“The council has approved a memo presented by the Commissioner for Water Resources and Power, Julius Chukwuemeka, for the rehabilitation of the vandalised injection substation at the Chukwuemeka Odumegwu Ojukwu University, Igbariam Campus. The contract was awarded to Kolc Ventures at the sum of N228,147,634.33.
“The contract for the provision of free internet access to the Anambra State House of Assembly Complex, Awka, at the sum of N81,872,000.00 was awarded to Pine Heights Global Resources Ltd to be installed within two weeks from the date of the contract award.
“The one for the construction of 151 open stalls at Afuzo Market, Isuofia, to boost local commerce and support economic growth was awarded to Crystal Dove Construction Company at the sum of N279,072,710.75.”
He noted that Allpee International Ltd won the contract for the road-marking of the Amawbia flyover motorway with a spur through Ezeuzu Junction to ICC, along Amansea Old Road in the sum of N118,716,874.41. It will be delivered in six weeks.
“The health sector got a boost as the ANSEC approved a memo for the supply and installation of new medical and non-medical hospital equipment at both the specialist hospital, Fegge, and the General Hospital, Anaku, Onitsha South, and Ayamelum LGAs. The contract was awarded to Chrislaug Ltd, ” the commissioner added
