FG Grants N10.4bn Tax Waiver To Honeywell Flour Mills For Sagamu Plant

Honeywell Flour Mills has claimed a company income tax (CITA) waiver valued N10.4bn over the pioneer status on its Sagamu Plant in Ogun State, the company’s books have revealed.

The company which is famous for its products like semolina, flour, whole wheat meal, noodles and pasta, said in its audited financial statement for 2023 that it considered the derecognition of the N10.4bn deferred tax as a key audit issue.

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