Just In: Buhari signs Finance Bill, 2019 into law, explains rationale behind initiative

President Muhammadu Buhari, this morning, Monday January 13, announced the signing of the Finance Bill, 2019 into


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Just In: Buhari signs Finance Bill, 2019 into law, explains rationale behind initiative
President Muhammadu Buhari

President Muhammadu Buhari, this morning, Monday January 13, announced the signing of the Finance Bill, 2019 into law, saying the bill was introduced alongside the 2020 budget.

                                                                

Fresh Angle International can report that the President explained via his twitter handle that the Finance Bill was meant to: “Reform Nigeria’s tax laws to align with global best practices; Support MSMEs in line with our Ease of Doing Business Reforms; Incentivize investments in infrastructure and capital markets; Raise Government revenues.”

 

He stated: “This is the first time, since the return of democracy in 1999, that a Federal Budget is being accompanied by 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 have gone into the passage of the landmark Deep Offshore and Inland Basin PSC Amendment Bill, and the Finance Bill; both vital to the successful implementation of the 2020 Budget.”




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Ossai Rita Ashinedu
Our Correspondent , Ossai Rita Ashinedu, has Ordinary National Diploma in Mass Communication from Delta State Polytechnic, Ozoro. She can be reached on 07061927586
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