Nigeria: Construction - Bill Seeks to Give Local Firms 60 Percent Tax Relief

Nigeria: Construction - Bill Seeks to Give Local Firms 60 Percent Tax Relief - In a bid to protect indigenous entrepreneurs and promote local content in the construction sector, Nigerian indigenous firms in the sector are to enjoy sixty per cent tax relief on contracts awarded to them by the Federal Government and its agencies, provided such contracts did no exceed N5billion in volume and benefiting firms must have a minimum capital base of N250million. [AA Construction]