Section 28: Tax relief period.

(1) The tax relief period of a company granted mineral title under this Act shall commence on the date of operation and subject to the provisions of this Act or any other relevant financial enactment, the relief shall continue for three years.
(2) The tax relief period of a company granted a Mineral title under this Act may, by the end of the three years, be extended by the Minister for one further period of two years.
(3) The Minister shall not extend the tax relief period of a Company in exercise of the power conferred under subsection (2) of this section unless the Minister is satisfied as to-
(a) the rate of expansion, standard of efficiency and level of development of the company in mineral operations for which the Mineral title was granted ;
(b) the implementation of any conditions upon which lease was granted ; and
(c) the training and development of Nigerian personnel in the operation of the mineral concerned.