NIGERIAN TOURISM DEVELOPMENT AUTHORITY ACT, 2022
Section 29: Membership of Alliance by Accreditation and Certification.
Membership of the alliance by accreditation and certification shall confer privileges and benefits as determined by the Authority including -(a) international status and recognition by the World Tourism Organisation (WTO) of which the Authority is a country member;
(b) eligibility for specific fiscal relief categories and tax exemptions;
(c) eligibility for custom duty exemptions by the Ministry of Finance to encourage infrastructural improvements and development of tourism facilities;
(d) eligibility for financial incentives, subsidy grants and concessionary interest loans from the Tourism Development Fund;
(e) authorisation of some hotels by CBN to purchase and sell foreign currency; and
(f) promotion of member establishments by the Authority.
Cite this section
Section 29, NIGERIAN TOURISM DEVELOPMENT AUTHORITY ACT, 2022 (2022).
https://repo.podus.ai/laws/nigerian-tourism-development-authority-act-2022/section/29/