By Milcah Tanimu

The Federal Government has moved to clarify misconceptions regarding the Nigerian National Petroleum Company Limited’s (NNPCL) tax credit scheme, emphasizing that it remains operational for funding critical infrastructural projects across the nation.

This clarification comes amidst ongoing scrutiny and discussions regarding the effectiveness of the tax credit scheme in facilitating vital infrastructure development in the country.

During a recent 3-day inspection tour of the Ahoada and Eleme sections of the East-West road, as well as the Port Harcourt-Enugu express road, Minister of Works Senator David Umahi underscored the government’s commitment to ensuring that projects are executed according to specifications and in line with national priorities.

Umahi warned non-performing contractors on the East-West road project, stating that contracts would be terminated for those who fail to meet agreed-upon standards. Furthermore, he emphasized the government’s intent to pursue these contractors to recover funds already disbursed to them for the projects.

Regarding ongoing infrastructure projects, Umahi clarified that President Ahmed Tinubu has approved the revision of projects to align with current economic realities. He stressed that the NNPCL tax credit scheme remains active and unaffected by any presidential directive.

Umahi highlighted discussions held with NNPCL and the Federal Inland Revenue Chairman to ensure the continuity of the tax credit scheme. He emphasized that despite recent challenges facing the country, the government is committed to reviewing and adjusting projects as necessary while maintaining transparency and accountability.

In conclusion, Umahi reiterated the government’s resolve to take decisive action against underperforming contractors and to safeguard public funds invested in critical infrastructure projects across the nation.