Alhaji Putin’s Republic
Feyi Fawehinmi
13227
Pioneer status is a legitimate incentive for companies operating in critical sectors. Cement manufacturing is a critical industry. Every indigenous businessman operating in the cement industry is free to apply for pioneer incentive — which makes it tax free for 3–5 years.
He has not done anything wrong. He is a businessman, not a charity. Any businessman will take advantage of legitimate opportunities offered by government, anywhere in the world.
Look out for the Pioneer Industry Gazette for Nigeria, there are attached list of activities that you can get tax free status for and Cement is on number 9.
It’s like saying you want to pay toll gate fee when LCC throws the gate open, just because you have money!