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President Signs Executive Order No. 7 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme

29.01.2019
Commercial, Executive Order


President Muhammadu Buhari has signed Executive Order No. 7, 2019 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (the “Scheme”). Under the Scheme, Nigerian companies, acting on their own or in concert with other Nigerian companies, and institutional investors can apply to construct or refurbish eligible roads (as listed in the Scheme). These companies will thereafter be entitled to utilize the total cost incurred for construction or refurbishment of the eligible roads as tax credits against their corporate tax payable in the future.


https://www.premiumtimesng.com/news/headlines/308091-companies-roads-to-be-constructed-under-buharis-executive-order-7-full-list.html


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The contents of this news alert are meant for the general information of our clients and friends and do not amount to legal advice. All enquiries on the subject may be made to: acas@acas-law.com

Adepetun Caxton-Martins Agbor & Segun

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