Saturday March 6, 2021 / 7:00 p.m. / Bukola Akinyele-Yisau for WebTV / Header image credit: NBCC
As part of its role in advocating for government policies and the impact on Nigerian business and economy, the Nigerian-British Chamber of Commerce (NBCC) recently hosted a forum to review the 2020 Finance Law.
Mr. Kayode Falowo, President of NBCC, in his opening remarks, said the finance law that was passed to ensure economic recovery and resilience through the country’s fiscal space is a topical issue. currently in Nigeria.
He said the finance law was aimed at removing ambiguity and clarifying certain provisions, and supporting businesses with incentives to mitigate the impact of COVID 19.
According to the NBCC chairman, he said there had been several reactions from different stakeholders, analysts and commentators regarding the finance law.
He said it was important to understand the key changes and their effect on the overall economic outlook and how the changes will affect individuals, business owners and senior leaders of any organization in the Nigerian economy.
NBCC Finance Law 2020 event moderator Mr. Olasunkanmi Adenuga said the draft finance law amended 14 principles on tax law, including increasing government revenue and streamlining areas of regulatory conflict, as well as the resolution of some ambiguities. It is also a question of helping small and medium-sized enterprises, …
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