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Tuesday 5 April 2016

Taraba Increases Tax On Madrid Wood


The Taraba State Government has put mechanism in place to enhance revenue generation by increasing taxes on logging across the state.
The Chief Press   Secretary to Governor Darius Ishaku, Mallam Hassan Mijinyawa who disclosed this in an interview with Daily Trust in Jalingo, said a tax of N400,000 has been enforced on each truck of a particular timber called  Madrid which is exported to China.


He said Taraba State is blessed with high quality Madrid trees in high demand in China and other Asian countries. According to him, apart from the tax, those involved in the logging business are compelled to replant trees to control desertification.

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