Nigeria’s President Muhammadu Buhari started the working week by signing the finance bill into law.
The President reported this personally in his statement: I am pleased to announce that this morning I signed into law the Finance Bill, 2019.
We introduced the Bill alongside the 2020 Budget in order to; reform Nigeria’s tax laws to align with global best practices, support MSMEs in line with our Ease of Doing Business Reforms, raise Incentive investments in infrastructure and capital markets as well as raise government revenues.
This is the first time, since the return of democracy in 1999, that a Federal budget is being accompanied by the passage of a Finance Bill specially designed to support its implementation and to create a truly enabling environment for business and investment by the private sector.
I thank the leadership and members of the Ninth National Assembly for the hard work and support that has gone into the passage of the landmark Deep Offshore and Inland Basin PSC Amendment Bill, and the Finance Bill; both vital to successful implementation and to creating a truly enabling environment for business and investment by the private sector.
Source: Voice of Nigeria