By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Daily Report NigeriaDaily Report NigeriaDaily Report Nigeria
Notification Show More
Font ResizerAa
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Reading: House of Reps Launches Inquiry into Buhari’s Tax Credit Scheme
Share
Font ResizerAa
Daily Report NigeriaDaily Report Nigeria
  • METRO
  • NEWS
  • POLITICS
  • SPECIAL REPORT
  • FACT FILE
Search
  • HOME
  • NEWS
  • POLITICS
  • METRO
  • ENTERTAINMENT
  • SPORTS
  • FACT FILE
  • SPECIAL REPORT
Have an existing account? Sign In
Follow US

Home | House of Reps Launches Inquiry into Buhari’s Tax Credit Scheme

Politics

House of Reps Launches Inquiry into Buhari’s Tax Credit Scheme

Olaitan Sodiq
Olaitan Sodiq
Published: June 13, 2025
Last updated: June 13, 2025
2 Min Read
Share
Why I Refused To Release My WAEC Certificate in 2015 - Buhari
SHARE

The House of Representatives has initiated a significant investigation into the Road Infrastructure Development and Refurbishment Investment Tax Credit scheme, established under former President Muhammadu Buhari’s administration in 2019.

The inquiry follows a motion of Urgent Public Importance presented by Hon. Ibrahim Aliyu during a plenary session on Wednesday.

The scheme, created through Executive Order No. 007, aimed to address Nigeria’s infrastructure deficits by encouraging private sector involvement in road development projects.

Companies participating in the initiative could recover costs through tax credits against their future Corporate Income Tax liabilities.

ATTENTION: Click “HERE” to join our WhatsApp group and receive News updates directly on your WhatsApp!

However, during the debate, Hon. Aliyu expressed doubts regarding the scheme’s effectiveness, emphasizing that after five years, the anticipated results had not materialized.

“The House observes that this Tax Credit Scheme was meant to encourage private sector participation in road infrastructure development in Nigeria,” he stated. “Yet, the results remain uncertain.”

Aliyu highlighted the federal government’s estimate that Nigeria needs approximately N348 trillion over the next decade to close its infrastructure gap. Despite the urgent need, the outcomes of the Tax Credit Scheme have been called into question.

The House has resolved to create a committee dedicated to evaluating the program’s impact, scrutinizing the accountability mechanisms, and assessing the overall value for money of completed projects.

READ ALSO: Tinubu Submits Tax Reform Bills to Reps

Aliyu stressed, “The scheme’s effectiveness, which hinges on the viability and cost efficiency of projects undertaken, is yet to be ascertained.”

While the Tax Credit Scheme has been praised for its innovative approach to leveraging private resources, critics warn that it might not adequately address long-term infrastructure challenges.

Stakeholders have raised concerns over the potential for large corporations to disproportionately benefit, leaving smaller businesses at a disadvantage.

 

For publication of Press Releases, Statements, and Advert Inquiries, send an email to info@dailyreport.ng
TAGGED:Muhammadu buhariRepsTop Stories
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Updates

President Tinubu, First Lady React to Super Falcons’ 10th WAFCON Triumph | Daily Report Nigeria
President Tinubu, First Lady React to Super Falcons’ 10th WAFCON Triumph
Sports
Class of ’99 Ex-Governors to Tinubu: Scrap N5,000 Palliatives, Build Cottage Industries | Daily Report Nigeria
Class of ’99 Ex-Governors to Tinubu: Scrap N5,000 Palliatives, Build Cottage Industries
News
UNIPORT Honours Wike with Doctorate, PDP Declares Him National Statesman | Daily Report Nigeria
UNIPORT Honours Wike with Doctorate, PDP Declares Him National Statesman
News
AEDC Announces Power Outage In Parts Of Abuja Today
AEDC Blames Abuja Blackout on Technical Fault, Offers No Restoration Timeline
Business
Troops Repel Boko Haram Midnight Attack in Borno, One Soldier Killed | Daily Report Nigeria
Troops Repel Boko Haram Midnight Attack in Borno, One Soldier Killed
Metro

TOPIC

2023 Elections Abuja Accident AFCON Anambra APC Arrest ASUU ASUU Strike Atiku Abubakar Bandits Bayelsa BBNaija Biafra Boko Haram Bola Ahmed Tinubu Bola Tinubu Breaking News Breaking News Nigeria Burna Boy Burutu CBN Celebrity news Chelsea Coronavirus court covid-19 Crime Daily Report Ng Daily Report Nigeria Daily Sports News Davido Delta Delta state DSS Education EFCC Elections English Premier League EPL Family federal government FG FIFA World Cup Football Fraud Godwin Emefiele Goodluck Jonathan Governor Nyesom Wike Gunmen Health Ifeanyi Okowa Imo INEC Insecurity IPOB IYC JAMB Kaduna Kidnap Labour Party Lagos Lagos State Manchester United Marriage Muhammadu buhari Music NASS NDDC NDLEA Niger Delta Nigeria NLC Nnamdi Kanu NNPC Nollywood Nyesom Wike Olusegun Obasanjo Pastor PDP Peter Obi Police Politicians President Bola Ahmed Tinubu President Muhammadu buhari Professor Yemi Osinbajo Protest Rape Reno Omokri Rivers State Senate Sheriff Oborevwori Social Media Suicide Super Eagles Tinubu Top Stories Twitter Victor Osimhen Zamfara

You Might Also Like

2023: You Have Right To Contest – Gov Bala Tells Cabinet Members | Daily Report Nigeria
Politics

2023: You Have Right To Contest – Gov Bala Tells Cabinet Members

June 13, 2025
Police Withdraws Escorts From Govs, Senators, VIPs in South East, Rivers | Daily Report Nigeria
News

Police Withdraws Escorts From Govs, Senators, VIPs in South East, Rivers

June 14, 2025
2023: Vote of Confidence Won't Save Ayu - Wike | Daily Report Nigeria
Politics

2023: Vote of Confidence Won’t Save Ayu – Wike

June 15, 2025
2023 Presidency: Osinbajo Most Qualified To Succeed Buhari – Group | Daily Report Nigeria
NewsPolitics

2023 Presidency: Osinbajo Most Qualified To Succeed Buhari – Group

June 13, 2025
© Daily Media N Publishing LTD. All Rights Reserved.
  • Home
  • About Us
  • Adverts With Us
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?