Home News Buhari Signs Finance Bill Into Law, 7.5% VAT Increase Bathes

Buhari Signs Finance Bill Into Law, 7.5% VAT Increase Bathes

by Armada News
171 views

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

 

That was how President Muhammadu Buhari on Monday twitted his signing of the Finance Bill into law to support the implementation of the 2020 budget.

 

Buhari  added on his twitter handle: “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.”

 

Leave a Comment