Federal Government Halts Use of Tax Credit for Road Projects

The Federal Government of Nigeria has made a significant decision to halt the utilization of tax credit for road projects. This move marks a shift in the government's approach to funding infrastructure development.

Tax credit, which allowed companies to fund road projects in exchange for tax deductions, will no longer be accepted for such purposes. This decision is likely to impact the financing and execution of road projects across the country, potentially leading to changes in the infrastructure landscape.

The Federal Government's decision is expected to have implications for both the public and private sectors involved in infrastructure development and financing.