MATTERS ARISING FROM THE ROAD INFRASTRUCTURE DEVELOPMENT AND
REFURBISHMENT INVESTMENT TAX CREDIT SCHEME ORDER, 2019
Context
According to the Infrastructure Concession Regulatory
Commission, Nigeria has about 195,000 km of road network out of
which about 32,000 km are federal roads and 31,000 km are state
roads. In total, only about 60,000 km are paved leaving 135,000 km
of road untarred. A large proportion of the paved roads are in bad
conditions due to poor maintenance.
President Muhammadu Buhari on 25 January 2019 signed a 10-page
Executive Order No. 007 known as the "Companies Income Tax
(Road Infrastructure Development and Refurbishment Investment Tax
Credit Scheme) Order, 2019" described as a Public-Private
Partnership intervention to enable government leverage private
sector funding in a manner that creates value for money through
private sector discipline. The Order is accompanied by an 11-page
Regulation made up of First Schedule on the Administration
