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FG Discontinues Tax Credit Utilisation by Companies for Roads Development

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FG Discontinues Tax Credit Utilisation by Companies for Roads Development

05 Feb, 2026

The federal government has discontinued the use of tax credit by companies for road development, because this system does not follow constitutional tax administration. It was know as Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme (Executive Order 007). The Executive Chairman of Nigeria’s newly formed Nigeria Revenue Service (NRS), Mr. Zacch Adedeji, gave the information about why it was discontinued when he addressed a joint sitting of the editorial boards of THISDAY and Arise News last Wednesday...............................….......READ MORE