Browsing: FIRS

Giving a brief history of the NNPC/FIRS agreement, Mr Babatunde Fashola, the Minister of Works and Housing, who said that the NNPCL was investing its resources into infrastructure, explained the ideology of the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme as “a new model of partnership with the private sector companies whereby government is saying, “Give me my tax in advance and I will invest it in infrastructure”. 

FIRS Executive Chairman, Mr Muhammad Nami, in his remarks, said the investment in roads was as a result of Executive Order 007, 2019 meant to encourage taxpayers to use company income tax payable by them to fix the nation’s critical infrastructure in exchange for tax credit.