President Buhari has signed the finance bill into law, which aims to reform Nigeria’s tax system to align with global best practices and support MSMEs through the Ease of Doing Business initiative. The bill, which was passed by both chambers of the National Assembly in November 2019, is expected to amend six tax provisions to make them more responsive to tax reform policies and raise government revenues while incentivizing investments in infrastructure and capital markets. In his remarks after signing the bill into law, President Buhari highlighted the significance of the Finance Bill, emphasizing that it is the first time since the return of democracy in 1999 that a Federal Budget is being accompanied by the passage of a Finance Bill designed to support its implementation and create an ...