Edo to drive investment in infrastructure through tax credit scheme
Plans reward, sanction for residents, businesses, others over COVID-19 compliance
Edo State Governor, Godwin Obaseki, has signed an executive order to deepen investment in infrastructure and the state’s social sector through the Infrastructure Development and Social Investment Tax Credit Scheme Order 2021.
The Executive Order, which would pave the way for private sector players to invest in infrastructure in return for tax credits, would revolutionise government’s approach to financing infrastructure and engender sustainable development.
A statement issued by Secretary to the State Government (SSG), Osarodion Ogie, disclosed that the tax credit scheme, a Public-Private Partnership (PPP) intervention, would enable the state government to leverage on private sector funding for the building or rehabilitation of critical infrastructure and social projects in the state.
“It also focuses on the development of eligible infrastructure projects in an efficient and effective manner that creates value for money through private financing.
MEANWHILE, the Edo State Government has disclosed that it would reward and sanction residents, groups, business places and others to drive compliance with guidelines to contain the second wave of the COVID-19 pandemic.
Permanent Secretary, Edo State Ministry of Health, Dr. Osamwonyi Irowa, stated this at the weekend in Benin City.
Irowa said the step became necessary following expert epidemiologic projections that if people continued with their laxity in compliance with preventive protocols, the third wave of COVID-19 could break sooner than expected.
He urged caution among residents, stressing that the third wave could overwhelm the state’s healthcare system due the large number of infected persons who would need care within a short time.
He said the reward would be in form of written commendations to show good compliance with COVID-19 preventive measures, while sanctions would include warning letters, arrests, arraignment and prosecution of offenders.
“Sanctions and incentives shall be used to drive better compliance with risk mitigation strategies. Enforcement monitoring team(s) and mobile courts shall continue across the state to drive compliance,” he added.
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