BREAKING: Buhari writes Reps, seeks amendments to new Finance Act

The President, Major General Muhammadu Buhari (retd.), has written to the House of Representatives to seek amendments to the Finance Act recently passed by the National Assembly.

The Speaker, Femi Gbajabiamila, read Buhari’s letter at the plenary on Tuesday, in which the President asked that the Act be amended to indicate that the new law took effect from February 1, 2020.

Another amendment is to indicate that the annual fees payable on basic good items are different from Valued Added Tax.

More to follow…