Tag: Finance Bill 2020

Senate passes Buhari’s Finance Bill 2020

Emporium Reporters

The Nigeria Senate has passed President Muhammadu Buhari’s Finance Bill 2020 transmitted to the National Assembly two weeks ago for consideration and passage. The passage of the bill was sequel to the consideration of a report by the Senate Joint Committee on Finance; Customs, Excise & Tariff; Trade and Investment; and Public Procurement. Chairman of the Joint Committee, Senator Olamilekan Solomon Adeola (APC – Lagos West), in his presentation said the Finance Bill 2020 specifically seek to amend 17 key areas. They were: Capital Gains Act; Companies Income Tax Act;…

Buhari seeks Senate approval for Finance Bill 2020

Emporium Reporters

The Senate on Tuesday received a transmission of the Finance bill 2020 from President Muhammadu Buhari, for consideration and passage into law in support of the 2021 budget before the National Assembly. The transmission of the bill was accompanied by a letter dated 25th November, 2020, and read during plenary by the Senate President, Ahmad Lawan. The letter reads: “Pursuant to Sections 58 and 59 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), o formally request that the Finance Bill, be considered by the Senate, for…