Join the Virtual Public Consultation on the 2020 Finance Bill, by the Hon. Minister of @FinMinNigeria, @ZShamsuna, this morning at 9am. zoom.us/webinar/regist… #FinanceBill2020
The #FinanceBill2020 will accompany and support the 2021 Federal Budget.
Here’s a chance to contribute your views to the Bill, ahead of its submission to the National Assembly. #FinanceBill2020
Speaking now: HM @ZShamsuna, Minister of @FinMinNigeria
.@ZShamsuna: This is an opportunity to Engage the public, for you to contribute your input to the draft of the #FinanceBill2020. The window for ideas and contributions is open. The aim of this Bill is to support the 2021 Budget and also support businesses.
.@ZShamsuna: One of the proposals in #FinanceBill2020 is fiscal relief for Mass Transit, by reviewing the duties regime. We recognize transportation as one of the major cost drivers in the economy, a major contributor to food inflation.
HM @ZShamsuna: This draft Bill will go to the Federal Executive Council (FEC) for approval, after which Mr President will submit it to the National Assembly for consideration. #FinanceBill2020
Speaking now: Dr Bode Oyetunde, Secretary, Fiscal Policy Reforms Committee. #FinanceBill2020 
Dr Oyetunde giving a recap on #FinanceBill2019, signed into law by President Buhari in January 2020.
Purpose was to:
1. Adjust areas of fiscal inequity
2. Support Ease of Doing Biz reforms
3. Introduce Tax Reforms & Incentives
4. Improve Govt revenues
Purpose was to:
1. Adjust areas of fiscal inequity
2. Support Ease of Doing Biz reforms
3. Introduce Tax Reforms & Incentives
4. Improve Govt revenues
5 Broad Thematic Areas for #FinanceBill2020:
—Enacting Counter-cyclical measures and crisis intervention initiatives
—Fiscal Relief for Mass Transit
—Ease of Doing Business Reforms
—Procurement Reforms
—Tax and Fiscal Responsibility
—Enacting Counter-cyclical measures and crisis intervention initiatives
—Fiscal Relief for Mass Transit
—Ease of Doing Business Reforms
—Procurement Reforms
—Tax and Fiscal Responsibility
Feedback and Proposals on the draft of #FinanceBill2020 welcome until close of business on Monday November 16, 2020.
Send submissions to socialmedia@finance.gov.ng
Send submissions to socialmedia@finance.gov.ng
The Buhari Administration has created a new tradition of accompanying every Appropriation Bill with a Finance Bill.
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