NEC reviews 2020 finance bill, moves to halt food price hike

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The National Economic Council (NEC) on Thursday considered the 2020 Finance Bill that seeks to provide more tax incentives for Nigerian businesses and individua

Laolu said some highlights of the proposed bill, which is now headed to the National Assembly include: “Reduction in duties on tractors from 35 to 10 per cent.“Reduction of levy on motor vehicles for the transportation of persons from 35 per cent to 5 per cent.

 

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