The Federal Government has slashed the 2020 budget by N318 billion and sent to the National Assembly.
According to FIRS boss, several multinationals within the country have failed to remit the required tax payment to the service by lying on their pioneer status.
Timipre Sylva has disclosed that a new Petroleum Industry Bill (PIB) would be sent to the National Assembly next week.
Niyi Adebayo said the Federal Government might represent the Automotive Bill to the National Assembly for consideration and passage.
FGN has reintroduced a request to the National Assembly to borrow up to $22.74 billion from the international markets.
The National Assembly has finally forwarded the Finance Bill to President Muhammadu Buhari for his assent. The lawmakers have sorted the battle for supremacy. #FINANCE BILL
President Muhammadu Buhari is expected to sign the 2020 budget on Tuesday barring any last-minute change. #BUHARI #2020BUDGET #LAWAN #GBAJABIAMILA
President Muhammadu Buhari has received the 2020 Appropriation Bill which was recently passed by the National Assembly. #2020BUDGET #BUHARI
Yesterday, at the lower chamber of the National Assembly, legislation a Bill to compulsory 40% allocation to capex passes second reading.
The National Assembly passed the bill amending the offshore and Inland Basin Production Sharing Contract Act 2014.