Private Sector to Partner with Federal Government on Road Infrastructure Development

The President of the Federal Republic of Nigeria recently signed the Executive Order 007 tagged the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme Order 2019. The statutory basis of the Order is the provision of section 23(2) of the Companies Income Tax Act (CITA). The Scheme enables the Federal Government of Nigeria (FGN) to leverage on private sector funding for the construction or refurbishment of eligible road infrastructure projects in Nigeria for a period of ten (10) years. 

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