The Federal Government says it will grant tax incentives to private companies willing to fund the construction of major road projects in the six geopolitical zones of the country. Speaking during the Public Presentation of the Approved 2019 Budget in Abuja, Minister of Finance, Mrs Zainab Ahmed made the disclosure.
Ahmed, who spoke on some of the government’s Public-Private Partnership initiatives, said any company who funds road construction will get tax credit or reduction equal to the amount invested in the projects.
The minister noted that currently, the process is extremely cumbersome and has proven to be a drain on our resources.
She disclosed that the Federal Government had introduced the Strategic Revenue Growth Initiative for sustainable revenue generation in all sectors of the economy.
Ahmed said the initiative also seeks to improve monitoring collections by all revenue generation agencies.
