Governor Sule Promises Tax Holidays For Renewable Energy Investors

Nasarawa State governor, Abdullahi Sule has promised tax holidays for investors willing to sink resources in the renewable energy sector.

“There is a special tax holiday for renewable energy because it is a win-win situation for the investors and for our own communities that are benefitting.

“This is in addition to the fact that we have unwavering commitment as an administration to ensure that whatever you are coming to do in Nasarawa State, we are going to hand hold you and make sure that everything, whether it is by law, or by our own efforts, that your investment is protected,” he said.
Governor Sule also promised that trained and certified technicians would be available to work in the companies of those ready to invest in the sector.

“One of the things is that I actually started my education as a technician, as a welder, before I became a CNC machinist and the rest of that. As you see me, shielded arc metal welding, oxyacetelline welding, once I finish from Governor, I am going into welding.

Because of that, we decided to make skills acquisition in Nasarawa State, something of pride.

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“We built one of the most standard technical institutions according to the NBTE. In fact, most of these big companies that are carrying out their training even here in Abuja, they train them in Nasarawa at that particular institution. Our major concern is that all these companies that are coming, we produce the technicians who can work for them,” he said.

He highlighted steps taken by his administration to make investments attractive for investors in Nasarawa State.

“Most of what we do for the protection of investment in Nasarawa State, are backed by law. We sponsored the executive bills to protect investments. We worked very hard to ensure we have peace and security in Nasarawa State. If you are looking for investors and you know how to look for investors, you must work very hard to have peace. Because every investor wants to hear security first.

“We have a law in Nasarawa State that clearly states that we have 5 percent of our IGR is going to go into de-risking any investment coming into Nasarawa State. This 5 percent that goes to de-risking, part is also used in case, there is need to provide infrastructure, road, water supply or even power,” he stated.

Governor Sule said his administration came with a vision to transform Nasarawa State, as encapsulated in the Nasarawa State Economic Development Strategy (NEDS).

He pointed out that one of the key policy thrusts of his administration is to look at areas where Nasarawa State has a comparative advantage.