Buhari Sends Finance Bill To National Assembly
President Muhammadu Buhari, on Tuesday, sent the Finance Bill 2021 to the two chambers of the National Assembly for consideration and approval.
He said the piece of legislation would ensure effective implementation of the 2022 budget.
President of the Senate, Ahmad Lawan read Buhari’s request on the floor of the Senate during plenary.
Buhari said, “The Finance Bill 2021 seeks to support the implementation of the 2022 federal budget of Economic Growth and Sustainability by proposing key reforms to specific taxation, customs, excise, fiscal and other relevant laws.
“The bill provides for enhanced domestic revenue mobilisation efforts to increase tax and non-tax revenues,” he added
Buhari said the Finance bill would provide effective tax administration and legislative drafting reforms particularly to support the ongoing automation reforms by the Federal Inland Revenue Service.
