NIGERIAN TOURISM DEVELOPMENT AUTHORITY ACT, 2022

Section 29: Membership of Alliance by Accreditation and Certification.

2022Section 29 of 36Federal Republic of Nigeria

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/