The Federal Government on Thursday, 19 November 2020, presented the proposed Finance Bill, 2020 (“the Bill”) to the State Governors at the National Economic Council Meeting presided over by the Vice President, Prof. Yemi Osinbajo, SAN, GCON. This followed the earlier approval of the Bill by the Federal Executive Council on Wednesday, 18 November 2020.
Some key proposals in the Bill include:
It is expected that the Bill will be presented to the National Assembly for review and passage alongside the 2021 National Budget and the 2021 Appropriation Act.
We will keep you updated on further developments in due course.
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