Buhari declines assent to Ajaokuta Completion Bill, 7 others - Vanguard News Nigeria

  • 📰 vanguardngrnews
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 75%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Buhari declines assent to Ajaokuta Completion Bill, 7 others vanguardngr.com vanguardnews

The President also declined assents to seven other bills forwarded to him by the National Assembly in February.President Buhari

“Bills seeking to make appropriation of revenues to fund public expenditure should be consolidated in the annual Appropriation Act. He added:”Relevant stakeholders such as the Ministries of Mines and Steel Development, Industry, Trade and Investment were not fully consulted. “Section 32 of the bill, introduces a two and half per cent levy on the profit before tax of the target companies which will increase the tax burdens of the companies while offering no direct benefit to them.“A five per cent levy on luxury goods, which duplicates efforts by the Federal Ministry of Finance to raise excise on such goods in a more sustainable manner to the benefit of the Federal Government treasury,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

vanguardngr During 2019 presidential election campaign, GMB said he will complete the Ajaokuta steel...huh! This is truly next level...

vanguardngr Is this President normal, is he actually a Nigerian? Is Nnamdi Kanu correct about Jubril of Sudan? Why is this President anti Progressive? Am asking with passion, I need an answer.

vanguardngr Hahahaha

vanguardngr The full statement of the president is part of the reason why Nigeria won't work. So many things are tied to too little a thing.

vanguardngr Mr. Go Slow....

vanguardngr He always declining to sign bills that will help this country .... and people voted him back

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Buhari turns down $1bn Ajaokuta completion fund bill, seven othersPresident Muhammadu Buhari has declined assent to the Ajaokuta Steel Company fund Bill transmitted to him by the National Assembly in February.
Source: TheNationNews - 🏆 6. / 69 Read more »

Buhari declines assent to bill seeking $1bn for completion of Ajaokuta steel company, l7 others - Daily Post NigeriaPresident Muhammadu Buhari has refused assent to the bill seeking for $1 billion for the completion of Ajaokuta Steel Company. The rejected bill with seven Hm. Just keeps rejecting all the bills. Tweetwizzard Yes, talk about searching for oil in bauchi or kastina he will sign the bill. Tweetwizzard Are you surprised this government is such a shame for humanity
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Buhari declines assent to Ajaokuta Completion Bill, 7 others – Daily TrustPresident Muhammadu Buhari has communicated his non-assent to Ajaokuta Steel Company Completion Fund Bill, 2018. The President also declined assents to seven other bills forwarded to him by the National Assembly in February.ADVERTISEMENT The President of the Senate, Dr Bukola Saraki made the announcement at plenary on Tuesday. He said several reasons, including infractions and … I think the NASS should be suspended to save the cost of governance since Buhari always decline assent to every bill passed. There is not need of spending time and resources only for the bills to end up in the waste bin.
Source: Daily Trust - 🏆 13. / 51 Read more »