Overview

This document is Executive Order No. 007 of 2019 from Nigeria, establishing the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme. The scheme is a Public-Private Partnership (PPP) intervention that allows the Federal Government to leverage private sector funding for constructing or refurbishing eligible road infrastructure projects. Participants in the scheme can use project costs as tax credits against Companies Income Tax, with an uplift equal to the Central Bank of Nigeria Monetary Policy Rate plus 2%. The scheme is valid for 10 years from commencement and is managed by a committee chaired by the Minister of Finance, with the Minister of Works as Deputy Chairman. The President has the power to amend the order as necessary.

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