Kebbi State Governor, Senator Abubakar Atiku Bagudu has commended WACOT Rice Limited for its significant contributions to the socio-economic development of the state and Nigeria.
This is just as the state has reviewed its tax law which would become operational in September.
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The new investments include the second phase of WACOT’s mega rice milling complex at Argungu, where the first phase of the large-scale rice mill was established in 2017 and a 1,000 hectares Rice Academy at Dakin Gari, Kebbi State.
Chairman of WACOT Limited, a subsidiary of TGI Group, Farouk Gumel, assured that the firm would continue to invest and expand because it strongly believes in the robust food security policies of the state and federal governments.
In a separate event, the state government said it has reviewed laws governing tax with a view to jerk up all fees, fines and levies.
Executive Chairman of Kebbi State Board of Internal Revenue, Iliyasu Arzika Jega, made this known yesterday while speaking with Daily Trust in Birnin Kebbi saying the law which has been passed by the state assembly will become operational from September 1, as the state targets N800 million internally generated revenue next year.
“The review was necessitated by the small revenue base of the state. The management wishes to categorically state that the charges of the new rates will commence on September, 1.