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Analysts: Expect More Coys to Jostle for Infrastructure Tax Credit Scheme


Festus Akanbi
Following the Federal Executive Council’s approval for a number of key infrastructural projects to be undertaken by the Dangote Group and four other companies in place of their tax obligations under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, some economic watchers at the weekend said the current state of infrastructure in Nigeria will compel more companies to key into the scheme.
MTN and BUA Group are some of the private sector companies that won the bid to construct federal roads as part of the Road Infrastructure Tax Credit Scheme.
Other participating private sector firms are Access Bank, Transcorp Group, GZI Industries, Mainstreet Energy, and Dangote Group. ....

Anambra State , Osun State , Niger State , Lagos State , Johnson Chukwu , Mohammed Nami , Femi Ademola , Malando Garin Baka , Muhammadu Buhari , Festus Akanbi , Alhaji Abdullahi Ismaila , Cordros Capital , Revenue Service , Financial Derivatives Company , Access Bank , Companies Income Tax , Road Infrastructure Development , Transcorp Group , Mainstreet Energy , Infrastructure Development , Coca Cola , Dangote Group , Federal Executive Council , Refurbishment Investment Tax Credit Scheme , Road Infrastructure Tax Credit , Federal Inland Revenue Service ,

FG looks to public-private partnerships in tackling infrastructure deficit


Inclusive economic development remains one of the core elements of both the African Union’s Agenda 2063 and the United Nations Sustainable Development Goals (SDGs). In furtherance of this, article 3(e) of the AfCFTA main Agreement and article 27(2)(d) of the Protocol on Trade in Services specifically mandate State parties to promote gender equality and “
improve the export capacity of both formal and informal service suppliers, with particular attention to micro, small and medium-sized; women and youth service suppliers.”
With over 60 percent of its population being under the age of 25, Africa is regarded as the youngest continent in the world. This presents both challenges and opportunities for the continent. For instance, in Nigeria, the young population has led to attendant social risks as unemployment nears 40% creating a ticking time bomb. The popular saying is that an idle mind is the devil’s workshop. ....

Muhammadu Buhari , Nigerian Governors Forum , Africa Finance Corporation , Central Bank , National Planning , Nigeria Sovereign Investment Authority , Infrastructure Fund , Road Infrastructure Development , President Muhammadu Buhari , Public Private Partnership , Managing Director , Road Trust Fund , Collective Infrastructure Fund , Executive Order , Refurbishment Investment Tax Credit , African Continental Free Trade Area , நைஜீரியன் கவர்னர்கள் மன்றம் , மைய வங்கி , தேசிய திட்டமிடல் , நைஜீரியா இறையாண்மை முதலீடு அதிகாரம் , உள்கட்டமைப்பு நிதி , சாலை உள்கட்டமைப்பு வளர்ச்சி , பொது ப்ரைவேட் கூட்டு , நிர்வகித்தல் இயக்குனர் , சாலை நம்பிக்கை நிதி , கூட்டு உள்கட்டமைப்பு நிதி ,