banty:
it's as simple as selling off the nation if you know you know

Bluffly:

Private companies can so it. Forget the big amounts usually quoted by Governments as the are filled with deals.

Pharaoh350s:
Leaving your duty for others
Like for ATIKU
Share for BUHARI

Ademat7:

It exist presently but discos will use politics to strangle them out of existence

millionboi2:
This will increase nepotism

Femsyn:
President Muhammadu Buhari has signed and executive order allowing private companies build federal roads in the country.

The Executive Order 007 2019, signed by the president, is on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme.

The president signed the order on Friday inside the council chamber of State House, Abuja.

The new order will allow private companies such as the Dangote Group, Unilver, and Lafarge Africa construct major roads across the country and be paid in the form of tax credit.

Nigeria ranks 11th on the list of countries with the world’s worst road quality and network, according go the Global Competitive Index of 2018.

Under federal laws, public roads are constructed and maintained by the government, but poor funding has seen key roads left unattended to for years, causing car accidents.

https://www.premiumtimesng.com/news/headlines/307943-breaking-buhari-signs-executive-order-allowing-private-companies-to-build-federal-roads.html

SEONaijaExpert:

Present your case rather than calling me out. I just did mine.

baralatie:
This is a great idea ™build a federal road for tax rebates".
Let fg now talk about pushing this to the National Assembly to inject it into law.
also how about private firms building "power centers in excess of 350mw" have distribution controls

SalamRushdie:


From where I am sitting I can already see the flaws from here

First and foremost if private companies are going to be responsible for building public infrastructure what's now the role of the govt?

1: It will encourage dereliction of duties by the govt as concerns infrastructure and opportunities for ministry head to loot their capital budget .. we made this same mistake with the police when governor's started buying equipment for the police thereby allowing the police loot all budget already assigned for this.

2 : It will be used as an avenue for smart tax evasion by a lot of companies who will connive with tax officials to overvalue projects and deduct such from their tax liabities , we will also see them connive and declare non existent projects all just to dodge tax.

3 : It will great a new line of corruption for tax officials and ministry of works supervisors who will use it to connive and enrich themselves

4: The quality of the roads will also be in question as we see dubious companies deliver very substandard road just to save cost and dupe the country of taxes .

lomprico:

Egg or tomato?

kelvd4real:


They don't own the road, so how did you arrive at "selling off the nation"?
It seems many Nigerians just see every issue from a partisan standpoint. There is a clear part of the statement that says this "The new order will allow private companies such as the Dangote Group, Unilver, and Lafarge Africa construct major roads across the country and be paid in the form of tax credit."
Just in case you do not understand what tax credit means, i will try to explain it as simple as it is.
Assuming Dangote company chooses to build a Federal road that leads to one of his place of interest or any road at all. The company appraoches the Federal government to make their intention know. Costing and other assessments are done to determine how much it should cost to build the road and agreement on the cost, quality and modalities like payback agreements are reached between both parties. Then Dangote proceeds to build the road.
Lets say the road cost Dangote company N1 billion naira to build. That amount is then deducted from the Tax that Dangote company is suppose to pay to the Federal government.
So, if Dangote Company is supposed to Pay a tax of N1.5 billion naira as tax for 2019 and the built a road that cost N1 billion for that same year, they will only have to pay the balance of N500 million as tax to Federal government for 2019.
This is what is known as Tax Credit.

Tetehjewels:


You are talking nonsense.

The FG will of course work with such companies to avoid all you jus listed.

Do you think they will just allow the companies to work without supervision?

The only area the FG will not be involved would be in the financial aspect.

banty:
it's as simple as selling off the nation if you know you know

freemanbubble:
Isorigtt
Can private sector build a street road not to talk of federal government road

If you have worked in any government projects then you will realise that individual or private companies can't single handedly carry out such task except government should assist them.

Nigeria government dey use money mennnnn. Don't be deceived with the amounts used in awarding any project. When the project starts billions will go down

Worked in ihovbor electrical power plant in Edo state
The money been used in day alone runs into billions
Even dangote won't dare to release such money for five years.


Even if any private organisation should do it then proper investigation will reveal that government is assisting them.
They can't they will run out of cash

freemanbubble:
Isorigtt
Can private sector build a street road not to talk of federal government road

If you have worked in any government projects then you will realise that individual or private companies can't single handedly carry out such task except government should assist them.

Nigeria government dey use money mennnnn. Don't be deceived with the amounts used in awarding any project. When the project starts billions will go down

Worked in ihovbor electrical power plant in Edo state
The money been used in day alone runs into billions
Even dangote won't dare to release such money for five years.


Even if any private organisation should do it then proper investigation will reveal that government is assisting them.
They can't they will run out of cash

freemanbubble:
Isorigtt
Can private sector build a street road not to talk of federal government road

If you have worked in any government projects then you will realise that individual or private companies can't single handedly carry out such task except government should assist them.

Nigeria government dey use money mennnnn. Don't be deceived with the amounts used in awarding any project. When the project starts billions will go down

Worked in ihovbor electrical power plant in Edo state
The money been used in day alone runs into billions
Even dangote won't dare to release such money for five years.


Even if any private organisation should do it then proper investigation will reveal that government is assisting them.
They can't they will run out of cash

gaby:
If indeed true, this will be a great step in the right direction. But the Government musn't be derilict in it's oversight or supervisory role through the relevant agencies to ensure standards are maintained uniformedly.

gaby:
If indeed true, this will be a great step in the right direction. But the Government musn't be derilict in it's oversight or supervisory role through the relevant agencies to ensure standards are maintained uniformedly.

Pharaoh350s:
Leaving your duty for others
Like for ATIKU
Share for BUHARI

baralatie:

what I am aware of is that private investors can build power plants in excess of 10mw for its own use.If it is greater then they will have to involve a whole lot of stake holders and still it is for their own use.
the current stance is that if you build a 350mw power to supply an estate like Oregun the discos MUST be involved.
I am thinking of granting autonomous powers to generate and distribute your own powers( with fg consent of course). although these our private will make price of power sky rocket