Finance Bill Proposes Tax Reliefs For Donors To COVID-19 Funds       More highlights of the Finance Bill 2020, approved by the Federal Executive Council (FEC) on Wednesday, were unveiled yesterday at a virtual National Economic Council (NEC) meeting presided over by Vice-President Yemi Osinbajo. Presenting the bill...

NEC Targets N2trn Pension Fund For Infrastructural Devt   The National Economic Council on Thursday considered the possibility of investing N2tn out of the Contributory Pensions Fund on infrastructure development in the country. This will be done through the Sovereign Investment Authority. A sub-committee of NEC presented an...

NEC Approves Extra $250m Investment In NSIA   The National Economic Council (NEC) presided over by Vice President Yemi Osinbajo has approved the investment of an additional $250million into the Nigerian Sovereign Investment Authority (NSIA). The NSIA Managing Director/Chief Executive Officer, Mr Uche Orji, who briefed State...

The National Executive Council (NEC) Thursday extended the lifespan of the federal government’s financial support to various states of the federation, to cushion the biting effects of the recession. Rising from its monthly meeting presided over by Acting President Yemi Osinbajo in the State House,...

The National Economic Council (NEC) has approved the proposed Nigeria Voluntary Asset and Income Declaration Scheme (VAIDS), which will take off on May 1. It is expected to yield about $1billion to the Federal Government’s purse. The Chairman of the Federal Inland Revenue Service (FIRS), Babatunde...

In a country of about 180 million people, only 214 individuals pay their taxes, Federal government lamented on Thursday. It also regretted that many multinational companies evaded tax payments. The government also expressed concerned over the growing rate and the effects of deforestation in...