The National Economic Council on Tuesday endorsed the Finance Bill 2022, subject to a few observations to be made.
The virtual emergency NEC meeting presided over by Vice President Yemi Osinabjo was anchored from the Presidential Villa, Abuja, on Tuesday, November 30, 2021.
Highlights of the bill were presented to the council by the Minister of Finance, Budget, and National Planning, Zainab Ahmed.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, in a statement, said the bill was presented to the council by the Minister of Finance, Budget, and National Planning, Hajia Zainab Ahmed.
He quoted the minister as saying that some of the proposed legislative changes covered domestic revenue mobilization, closing tax loopholes, public financial management and tax administration reforms as well as international taxation issues.
Akande said she added that some of the principles of the proposed Finance Bill 2022 are to ensure fiscal equity, avoid double taxation, and support businesses especially MSMEs.
NEC is statutorily composed of all state governors, the FCT minister, the Central Bank of Nigeria governor and federal government officials.
The National Economic Council on Tuesday endorsed the Finance Bill 2022, subject to a few observations to be made.
The virtual emergency NEC meeting presided over by Vice President Yemi Osinabjo was anchored from the Presidential Villa, Abuja, on Tuesday, November 30, 2021.
Highlights of the bill were presented to the council by the Minister of Finance, Budget, and National Planning, Zainab Ahmed.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, in a statement, said the bill was presented to the council by the Minister of Finance, Budget, and National Planning, Hajia Zainab Ahmed.
He quoted the minister as saying that some of the proposed legislative changes covered domestic revenue mobilization, closing tax loopholes, public financial management and tax administration reforms as well as international taxation issues.
Akande said she added that some of the principles of the proposed Finance Bill 2022 are to ensure fiscal equity, avoid double taxation, and support businesses especially MSMEs.
NEC is statutorily composed of all state governors, the FCT minister, the Central Bank of Nigeria governor and federal government officials.
