Obaseki Seeks More Incentives for Local Companies, Lauds Guinness Nigeria

May 4, 2018

By Dipo Olowookere

Governor Godwin Obaseki of Edo State has urged various governments to provide more incentives for local companies.

According to him, when this is done, more firms would invest in the economy, which will in turn bring about growth in the country.

The Governor, speaking at the Government House in Benin City, said one of these incentives can be a non-punitive tax regime, which he said would make attract more investments, even international companies.

Mr Obaseki noted that, “Without strong local investors, we cannot attract international investors” and giving these incentives “will attract other investors to locate their businesses in the state.”

The Governor, who hosted management team of Guinness Nigeria Plc led by its Chairman, Mr Babatunde Savage, promised to take the campaign for a non-punitive tax regime to the Federal Government.

Mr Obaseki commended Guinness Nigeria for expanding its investment in the state with the unveiling of its new product, Royal Kingdom Premium Lager Beer.

“We commend Guinness for the direct and indirect jobs it has continued to create in the state. Local companies like Guinness Nigeria Plc. have continued to contribute to the overall development of the state,” he said.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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