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Nigeria offers tax incentives to encourage investment in road construction - Government

Infra News - Published on Fri, 31 May 2019

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Xinhua citing, the Nigerian government as saying that it will grant tax incentives to investors willing to fund the construction of major road projects across the country.

The official News Agency of Nigeria (NAN) quoted finance minister Zainab Ahmed as saying that any company who funds road construction will get tax credit or reduction equal to the amount invested in the projects. She said that "The current government has undertaken several initiatives to partner with the public. One of them is the Road Infrastructure Tax Credit Scheme, where if any private sector builds any road with their own resources, they can recover the investment made through the tax credit."

Ms Ahmed said that the government is also automating the process of acquiring waivers or import duties. She said that "The process will be more transparent and efficient."

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Posted By : Rabi Wangkhem on Fri, 31 May 2019
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