Close Menu
Chronicle.ng
    Trending Stories
    WAFCON 2024: Babajide pays tribute to Jota after scoring in Nigeria victory over Tunisia

    WAFCON 2024: Babajide pays tribute to Jota after scoring in Nigeria victory over Tunisia

    July 6, 2025
    SERAP urges Tinubu to probe alleged obstruction of NDDC audit report

    SERAP urges Tinubu to probe alleged obstruction of NDDC audit report

    July 6, 2025
    MURIC demands sharia courts, public holidays in Southwest on Fridays

    MURIC demands sharia courts, public holidays in Southwest on Fridays

    July 6, 2025
    Facebook X (Twitter) Instagram
    Trending
    • WAFCON 2024: Babajide pays tribute to Jota after scoring in Nigeria victory over Tunisia
    • SERAP urges Tinubu to probe alleged obstruction of NDDC audit report
    • MURIC demands sharia courts, public holidays in Southwest on Fridays
    • NIPOST denies drug peddling
    • NLC threatens mass protest over rising poverty, insecurity
    • Death toll in Texas flood disaster hits 51 including 15 children
    • Arsenal sign Martin Zubimendi for £60m from Real Sociedad
    • Cross River women to protest naked over cocoa estate privatisation
    Facebook X (Twitter) Instagram
    Chronicle.ngChronicle.ng
    Subscribe
    Monday, July 7
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle.ng

    Buhari seeks passage of 2021 Finance Bill

    Chronicle EditorBy Chronicle EditorDecember 7, 2021No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Ex-president Buhari denies ownership of revoked Abuja land
    Ex-president Buhari denies ownership of revoked Abuja land
    Facebook Twitter WhatsApp

    The Senate on Tuesday received the Finance Bill 2021, transmitted by President Muhammadu Buhari to the National Assembly for consideration and passage.

    The request by the President seeking the passage of the bill into law was contained in a letter dated December 7, 2021, which accompanied the bill.

    Buhari in the letter explained that the request for the passage of the bill was made pursuant to the provisions of Sections 58 and 59 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).

    He explained that 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.

    • Senate passes Buhari’s Finance Bill 2020

    He added that the bill provides for enhanced Domestic Revenue Mobilization efforts to increase tax and non-tax revenues; and ensure Tax Administration and Legislative Drafting Reforms, particularly to support the ongoing automation reforms by the Federal Inland Revenue Service.

    Senate Southern senators back governors on prohibition of open grazing Institute for Border Studies 112 Real Estate Regulatory Council of Nigeria UK Red List

    Buhari stated that upon passage, the bill would accelerate International Tax Reforms to enhance the taxation of non-resident individuals and companies that nevertheless derive profit from Nigeria; and implement Financial Sector Reforms to support ongoing capital market reforms relating to Securities Lending Transactions, Real Estate Investment Trusts, Init Trust Schemes and the recapitalisation of Insurance Companies.

    He noted that the Finance bill would also prioritize Critical Public Financial Management Reforms regarding the FIRS’ vital role in coordinating tax administration as well as the enforcement of key fiscal rules under the 1999 Constitution, Finance (Control and Management) Act and other relevant laws.

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    SERAP urges Tinubu to probe alleged obstruction of NDDC audit report

    SERAP urges Tinubu to probe alleged obstruction of NDDC audit report

    MURIC demands sharia courts, public holidays in Southwest on Fridays

    MURIC demands sharia courts, public holidays in Southwest on Fridays

    NIPOST rolls out cashless operations nationwide from July 1

    NIPOST denies drug peddling

    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC threatens mass protest over rising poverty, insecurity

    Floods, landslides kills 19 dead in Bosnia

    Death toll in Texas flood disaster hits 51 including 15 children

    Benue women protest youths arrest by police over killing of Kano travellers

    Cross River women to protest naked over cocoa estate privatisation

    Add A Comment
    Leave A Reply Cancel Reply

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    WAFCON 2024: Babajide pays tribute to Jota after scoring in Nigeria victory over Tunisia

    WAFCON 2024: Babajide pays tribute to Jota after scoring in Nigeria victory over Tunisia

    July 6, 2025
    SERAP urges Tinubu to probe alleged obstruction of NDDC audit report

    SERAP urges Tinubu to probe alleged obstruction of NDDC audit report

    July 6, 2025
    MURIC demands sharia courts, public holidays in Southwest on Fridays

    MURIC demands sharia courts, public holidays in Southwest on Fridays

    July 6, 2025
    NIPOST rolls out cashless operations nationwide from July 1

    NIPOST denies drug peddling

    July 6, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC threatens mass protest over rising poverty, insecurity

    July 6, 2025
    Facebook X (Twitter) Instagram
    • News
    • Politics
    • Sports
    • Business
    • About Us
    © 2025 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.