Economy
NEC approves Finance Bill 2022
The National Economic Council (NEC) chaired by Vice President Yemi Osinabjo, approved a memorandum on the 2022 finance bill.
The NEC emergency virtual meeting was held from the Presidential Village, Abuja, on Tuesday.
Laolu Akande, Senior Special Assistant to the President for Media and Advertising, Office of the Vice President, in a statement, said that the bill was brought to the council by the Minister of Finance, Budget and National Planning, Zainab Ahmed.
Ms Ahmed told the NEC that the proposed bill had to be passed along with the 2022 budget.
According to the minister, some of the proposed legislative changes include domestic revenue mobilization, closing tax loopholes, public finance management and tax administration reforms, as well as international taxation issues.
He added that some of the principles of the Finance Bill 2022 were to guarantee fiscal equity, avoid double taxation and support companies, especially Micro Small and Medium Enterprises, MSMEs.
She said the NEC approved the bill subject to some comments.
US authorities slam Air Peace boss, Onyema, with fresh fraud charges
Report: NUPRC has not approved $1.3bn Shell Renaissance deal
There’s a plan to derail Tinubu’s petroleum industry revolution
NNPCL’s acquisition of OVH: Reps member, Miriam Onuoha, slams Atiku, says oil and gas sector should not be politicised
Fidelity Bank affirms commitment to data protection, strong corporate governance
NGX rates Fidelity Bank highest on corporate governance
Like Saudi Aramco, NNPC Ltd under Kyari is creating value for Nigerians
NNPCL FY’23: Kyari stands tall in spite of disruptors’ intrigues
Arewa groups accuse Ugochinyere of plot to blackmail Speaker Abass, deputy, call for probe
CNPP and its failed evil campaign against NNPCL, Kyari
Arewa youths slam Dangote, say ‘you can’t dictate fuel price’
Warn Agbese over false allegations against NNPCL, NMDPRA, group tells reps speaker
1XCUP 2024: 20 teams to battle for N20m as competition kicks off August 5
Paris 2024 Olympic table tennis draw announced
