By Moses Patience Chat
The Nigerian Content Development and Monitoring Board (NCDMB) in collaboration with the Federal Inland Revenue Service (FIRS) has organized a one-day seminar that is aimed at creating awareness on the different tax incentives available to Nigerian companies that invest in research and development.
According to Valuechain findings, oil and gas industry stakeholders will be meeting at the Conference Hall of the Nigerian Content Tower, Swali, Yenagoa, on Tuesday for the tax awareness seminar based on provisions of Nigeria’s Finance Act 2021 and other extant tax codes relating to research and development (R&D).
The Seminar will start at 9:30 a.m. with the Executive Secretary, NCDMB, Engr. Simbi Kesiye Wabote, presenting the keynote speech and the Executive Chairman, FIRS, Mr. Muhammad Nami, delivering a special address. NCDMB’s Director of Planning, Research, and Statistics, Mr. Daziba Patrick Obah, is also scheduled to present the welcome speech.
There will also be a presentation titled “Provisions of NOVICD Act on R&D, R&D Operating Model and Imperatives for Success” to be delivered by Mr. Abdulmalik Halilu, General Manager, Research Statistics and Development (RSDD), NCDMB, and another one titled “Royalty Potentials from R&D Investment” by Mr. Ayo Akinduyite, an Associate Director, PWC Tax Line of Service. Three-panel sessions are also scheduled to hold on the day of the seminar.