Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme
February 11, 2019
On Friday 25 January 2019, the President of the Federal Republic of Nigeria signed the Executive Order 007 2019 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (“The Scheme”).
The Scheme aims for a public-private partnership (PPP) by providing an opportunity to the private sector to commence the construction and refurbishment of eligible road infrastructure projects as a way of narrowing the road infrastructure gap in the country. As an incentive for these private companies, the Scheme assures a full and timely recovery of the project costs through a tax credit mechanism.