30 August 2021
The Nigerian Government Infrastructure Tax Credit Scheme seeks to promote private sector participation in constructing and developing critical road infrastructure in Nigeria.
Nigeria has approximately 195,000km of roads, out of which only about 60,000 km is paved, with most of the paved roads in a state of disrepair and considered unsafe for commuters.
The Government, therefore, decided to incentivize companies to participate in fixing the roads with its attendant tax advantages.
Our newsletter examines why companies should actively pursue the infrastructure tax credit scheme.