Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway - Politics

Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway - Politics - Nairaland

Wailers! Where una dey?

I went to Iyana-Isolo through Osodi about one month ago, I had to start asking people for direction. The cement road being constructed by Dangote is second to none.

3 Likes

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by joelbooks(op): 5:05pm On Aug 16, 2020

ICYMI: Executive Order 07
Nigeria’s President Muhammadu Buhari signed, on 25 January 2019, the Executive Order No. 007 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (the Scheme). The Scheme is for a period of 10 years from its commencement date (remains to be clarified).

The Scheme is a public-private partnership (PPP) intervention that enables the Nigerian Government to leverage private sector capital and efficiency for the construction, repair, and maintenance of critical road infrastructure in key economic areas in Nigeria.

It is open to any Nigerian company (other than sole corporations), acting on its own or in collaboration with other Nigerian companies, and institutional investors (hereafter referred to as “Participants”) wishing to construct or repair any road identified and designated by the Government as an “eligible road”1 under the Scheme.

Participants will be entitled to utilize the total cost (Project Cost), incurred in the construction or refurbishment of an eligible road as a tax credit against their future Companies Income Tax (CIT) liability, until full cost recovery is achieved.

As a further incentive, Participants will be granted a single non-taxable uplift. The Uplift will be a percentage of the Project Cost, and the percentage to be applied is Monetary Policy Rate plus 2% on Project Cost. The uplift will be included in the total tax credit available to each participant.

https://www.ey.com/en_gl/tax-alerts/nigeria-signs-road-infrastructure-development-and-refurbishment-investment-tax-credit-scheme

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by mamaafrik(m): 5:52pm On Aug 16, 2020

Things like these should be done in power production , transmission and distribution.

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by wwwihy: 8:29pm On Aug 16, 2020

Nice Initiative from President Buhari & Minister of Works
Good Job FG
Good Job Dangote

1 Like

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by joelbooks(op): 9:48pm On Aug 16, 2020

wwwihy:
Nice Initiative from President Buhari & Minister of Works
Good Job FG
Good Job Dangote

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by Nobody: 10:03pm On Aug 16, 2020

This will be one of the best road in Nigeria when is completed.

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by Nobody: 10:28pm On Aug 16, 2020

Nice one

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by pquaver(m): 10:44pm On Aug 16, 2020

Bubu on the beat.. Like my bro said in the second Niger Bridge video.. Muhammadu Buhari does not build his project on sign board..

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by Blackpromise(m): 10:52pm On Aug 16, 2020

Wonderful development.

For Quality and durable gadgets and Equipments Purchases, Visit
https://www.instagram.com/invites/contact/?i=d2ogxtfbfkbc&utm_content=gakjk03
We deliver to all parts of Nigeria.

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by 9jaArea: 11:19pm On Aug 16, 2020

Got me rolling on the floor cheesy

pquaver:
Bubu on the beat.. Like my bro said in the second Niger Bridge video.. Muhammadu Buhari does not build his project on sign board..

1 Like

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by ryloy: 9:53am On Aug 17, 2020

Blackpromise:
Wonderful development.

For Quality and durable gadgets and Equipments Purchases, Visit
https://www.instagram.com/invites/contact/?i=d2ogxtfbfkbc&utm_content=gakjk03
We deliver to all parts of Nigeria.

Quality project

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by Vixlot: 12:53pm On Aug 18, 2020

joelbooks:
ICYMI: Executive Order 07
Nigeria’s President Muhammadu Buhari signed, on 25 January 2019, the Executive Order No. 007 on Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (the Scheme). The Scheme is for a period of 10 years from its commencement date (remains to be clarified).

The Scheme is a public-private partnership (PPP) intervention that enables the Nigerian Government to leverage private sector capital and efficiency for the construction, repair, and maintenance of critical road infrastructure in key economic areas in Nigeria.

It is open to any Nigerian company (other than sole corporations), acting on its own or in collaboration with other Nigerian companies, and institutional investors (hereafter referred to as “Participants”) wishing to construct or repair any road identified and designated by the Government as an “eligible road”1 under the Scheme.

Participants will be entitled to utilize the total cost (Project Cost), incurred in the construction or refurbishment of an eligible road as a tax credit against their future Companies Income Tax (CIT) liability, until full cost recovery is achieved.

As a further incentive, Participants will be granted a single non-taxable uplift. The Uplift will be a percentage of the Project Cost, and the percentage to be applied is Monetary Policy Rate plus 2% on Project Cost. The uplift will be included in the total tax credit available to each participant.

https://www.ey.com/en_gl/tax-alerts/nigeria-signs-road-infrastructure-development-and-refurbishment-investment-tax-credit-scheme

One of the best executive orders by President Buhari

Re: Executive Order 7: FG-Dangote-progress Of Work On Apapa-ojota Expressway by joelbooks(op): 7:42pm On Aug 19, 2020

Vixlot:
One of the best executive orders by President Buhari

Yes

1 Reply

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