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FixIt Tax – Private Infrastructure Rescue Plan
Problem: Nigeria’s government struggles to maintain public infrastructure like roads and schools, leaving communities with crumbling facilities due to limited funds and slow execution.
Solution: A pilot program that offers tax incentives to private contractors who repair designated public projects, shifting maintenance to the private sector while easing the government’s burden.
How It Works:
– State lists 3-5 priority projects (e.g., pothole repairs, school renovations) with clear specs and cost estimates.
– Contractors bid competitively, fund the work upfront, and earn tax credits (80-100% of project cost) upon completion.
– An independent auditor verifies quality before credits are issued.
– Bids and progress go public online for transparency.
– Pilot runs for 6-12 months with a capped budget (e.g., ₦500 million).
Who It’s For: Private contractors seeking tax savings, state residents needing better infrastructure, and a state government looking for cost-effective fixes.
Why It’s Cool: It tackles Nigeria’s maintenance crisis with private efficiency, delivering fast, visible results without draining public funds—potentially a game-changer if scaled right.
Execution Hint: Launch with transportation fixes (e.g., key roads) in Lagos and tie in a bonus tax credit for early completion to spark quick action.
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