Speaker of the House of Representatives, Femi
Gbajabiamila has expressed the commitment of the House to
speedily pass the 2020 Finance Bill at a public hearing organized
by the House Committee on Finance.
He stated on Friday that “The Finance Bill which we have
gathered here to consider and to contribute to, will determine
amongst other things, our ability as a nation to fund the 2021
budget, meet the obligations of government and implement policies
to build infrastructure, address the problem of insecurity, grow
the economy, and provide jobs that pay a living wage and lift
families out of poverty.”
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In a communique, the Speaker was of the opinion that the Finance
Bill is an important piece of legislation, deserving of
thorough consideration, and reasoned debate by the parliament of
the people, acting in the best interests of the people.
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President Muhammadu Buhari had transmitted the bill to the
National Assembly on December 1 through the Minister of Finance,
Budget, and Planning, Mrs. Zainab Ahmed.
In her presentation, Mrs Ahmed said the major reason
behind the bill was to address issues that were lacking in the 2019
Finance Bill as well as deepen the innovations it had started.
However, she said the 2020 proposal dealt largely with taxation
and tax administration.
Earlier, the Chairman, House Committee on Finance, Rep. James
Faleke, said the proposed amendments to 18 tax-related/dividend
laws were in line with the Legislative Agenda of the 9th House.
Read more https://swordpress.com.ng/2020/12/12/finance-bill-critical-to-success-of-2021-budget-gbajabiamila/