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Monday, January 13, 2020 /02:42
PM / By Wole Obayomi, KPMG / Header Image Credit: @NigeriaGov
The
Finance Bill, 2019 ("the Bill") is now a law! This follows the assent of His
Excellency, President Muhammadu Buhari, GCFR to the Bill as announced via his
twitter account today, 13 January 2020.
We
commend the National Assembly and the Executive for the speedy passage of the
groundbreaking Bill, which is the first of its kind since Nigeria returned to
democracy in 1999.
Our
expectation is that the Executive will continue the practice of submitting a
Finance Bill along with the Budget to the National Assembly in subsequent years
in accordance with global best practice.
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