Edo to Boost Infrastructure Investments with Tax Credit Program | The Guardian Nigeria News



Godwin Obaseki PHOTO: Twitter

Reward plans, sanction for residents, businesses, others on COVID-19 compliance
Edo State Governor Godwin Obaseki signed a decree to deepen investments in the state’s infrastructure and social sector through Decree 2021 on Infrastructure Development and Tax Credit for social investment.

The decree, which would pave the way for private sector actors to invest in infrastructure in exchange for tax credits, would revolutionize the government’s approach to infrastructure financing and generate sustainable development.

A statement released by Secretary of State Government (SSG) Osarodion Ogie revealed that the tax credit scheme, a public-private partnership (PPP) intervention, would allow the state government to leverage party funding from the private sector for the construction or rehabilitation of critical infrastructure and state social projects.

“It also focuses on developing qualifying infrastructure projects in an efficient and effective manner that creates value for money through private financing.

Meanwhile, the Edo state government has revealed it will reward and sanction residents, groups, businesses and others for ensuring compliance with guidelines to contain the second wave of the COVID-19 pandemic .

Edo State Department of Health Permanent Secretary Dr Osamwonyi Irowa said so this weekend in Benin City.

Irowa said this step became necessary following expert epidemiological projections that if people continued to be lax in accordance with preventive protocols, the third wave of COVID-19 could crash sooner than expected.

He urged residents to be cautious, noting that the third wave could overwhelm the state’s healthcare system due to the large number of infected people who would need care in a short period of time.

He said the reward would be in the form of written congratulations to show proper compliance with COVID-19 preventive measures, while sanctions would include warning letters, arrests, arrests and prosecution of offenders.

“Sanctions and incentives must be used to improve compliance with risk mitigation strategies. Enforcement teams and mobile courts must continue across the state to foster compliance, ”he added.


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