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Business & Economy
Business & Economy

Governor Soludo approves tax exemptions for small businesses

The FrontierThe FrontierNovember 27, 2024 1961 Minutes read0

•Governor Soludo

The Anambra State Executive Council (ANSEC), led by Governor Chukwuma Soludo, has approved tax exemptions for indigent residents whose business capital is less than ₦100,000.

During its 35th meeting, the council paid tribute to the late Senator Ifeanyi Ubah of the APC, who was recently buried in his hometown, Umuanukam, Otolo Nnewi, reports The Nation.

Ubah, who represented Anambra South senatorial zone, was a gubernatorial hopeful for the 2025 election.

A minute of silence was observed in his honour.

Commissioner for Information, Law Mefor, disclosed that ANSEC encouraged private investors to manage public enterprises in the state and reaffirmed the enforcement of the Anti-Touting Law, urging touts to join government empowerment schemes.

The council also approved several contracts and projects, including the rehabilitation of the vandalised injection substation at the Chukwuemeka Odumegwu Ojukwu University, Igbariam Campus, which was awarded to Kolc Ventures at the sum of N228,147,634.33.

Additionally, the contract for the provision of free internet access to the Anambra State House of Assembly Complex, Awka, was awarded in the sum of N81,872,000.00, to be installed within 2 weeks.

Also, 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 among others.

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