THE FINANCIAL BILL HAS BEEN SIGNED INTO LAW BY PRESIDENT MUHAMMADU BUHARI. |

The President of the Federal Republic of Nigeria, President Muhammadu Buhari on Monday January 13th signed into law the Finance Bill 2019.

According to an announcement made on his verified personal Twitter handle @MBuhari.

The Joint Session of the National Assembly received the Finance Bill along with the 2020 Appropriation Bill last year, the Bill proposed several amendments to various Tax laws governing the Federation.

SIMILAR STORY:THE BOARD OF CORPORATE AFFAIRS COMMISSION HAS BEEN RECONSTITUTED BY THE FEDERAL GOVERNMENT.

I am pleased to announce that this morning I signed into Law the Finance Bill, 2019.

— Muhammadu Buhari (@MBuhari) January 13, 2020

We introduced the Bill alongside the 2020 Budget, 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.

— Muhammadu Buhari (@MBuhari) January 13, 2020

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.

— Muhammadu Buhari (@MBuhari) January 13, 2020

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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.

— Muhammadu Buhari (@MBuhari) January 13, 2020

Details Shortly….