2020 budget threatened as Finance Bill suffers setback

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The plan by the Federal Government to shore up its revenue base by amending seven Acts of the National Assembly relating to taxes suffered a major setback in the Senate on Tuesday.

A public hearing organised by the joint committee of the National Assembly slated for Tuesday to collate the views of stakeholders on the bill was boycotted by members of the House of Representatives.

“The Speaker too was only informed on Sunday about the hearing. So, we agreed not to be part of the hearing. The source said, “The leadership has directed us to be prepared for our own public hearing on the bill. After all, we have similar legislative powers with the Senate.

 

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