UPDATED: Buhari signs Finance Bill, approves 7.5% VAT increase

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The President, Major General Muhammadu Buhari , on Monday, signed the 2020 Finance Bill into law.

The Special Adviser to the President on Media and Publicity, Mr Femi Adesina, confirmed this development in a statement in Abuja.

It would be recalled that the retired general, while presenting the 2020 Appropriation Bill to the National Assembly, had also presented the Finance Bill. “Others are; Introducing tax incentives for investments in infrastructure and capital markets; Supporting Micro, Small and Medium-sized businesses in line with our Ease of Doing Business Reforms; and Raising Revenues for Government.

 

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This administration is discouraging businesses in an already torn economy..... GOD save Nigeria

Wetin this man dey do with money?

Honestly if he even understood what that means in the first place man's just sign anything that comes to his table

Laslas I go run comot for MBuhari and naija

Where are the people that voted plus forced this man on us? It's not quarrel o but just clap for yourselves.

MBuhari should sign electoral amendment bill into law, so that elections can be transparent & street credible. Some of part of the bill is brilliant, but I oppose VAT increment. Until government become responsive & accountable to citizens, any increment is AntiPeople.

MBuhari should sign electoral amendment bill into law, so that elections can be transparent & street credible. Some of part of the bill is brilliant, but I oppose tax increment. Until government become responsive & accountable to citizens, any increment is AntiPeople.

Huncle Bubu!!!

Next level

Lol......only Business Owners and Corporate Organisations understand the huge benefits and reliefs that comes with that 7.5% VAT Financial Act now. Toilet paper won't stop at amazing one.

He still can't find the electoral reform bill to sign?

When will they increase minimum wage?

I'm not sure this man is sure of what he's doing

The 30k MINIMUM wage will now turn to 5k minimum wageeeessss

What's VAT please

He his doing nothing but approving a vat increase so more money can be squandered

If you don't know English you won't know that the caption is wrong

Is this to the advantage of the masses sir ?

_harrisonJNR Next Level FC begins

CorruptionFc looted without increasing tax, but IntegrityFc is looting and increasing tax.

babanla Werey ni baba yi

And Jesus said.....it is finish?

You can implement 7.5% VAT sharply but implementing new minimum wage is taking three years and counting 🤡🤡🤡

The annoying part is that he said I am HAPPY to sign the financial into law

We don enter one chance!

Ogun lo ma pa e MBuhari

R

Him go sign that one sharp sharp na

Poverty has been approved by this administration.

Should we say 𝟳.𝟱% 𝗩𝗔𝗧 is not the real issue? but all Nigerian are paying more expenses on what the economy could not make up ..... I think we need to have additional stream of income Invest today, sit back a watch inbox for real info

Adamu should rush and close my gate before Papa Hanan barge into my compound with his incremental self. Adamu please be fast about it.

Buhari is a fool dear

All this increase in VAT and money will end up being useless soon anyway. When the value for oil and other things go down slightly, we back to square 1.

What he gives to you in the 30k minimum wage, he takes away in his 7.5% VAT Same thing he did with the N50 fee on withdrawals that time. Dear Nigerians, you've been scammed But, you already know that

This paper no talk anything good this days.

Sign electoral bill

Where is Musa? Musa please go and close that gate for me.Nonsense!

Oga, you can increase it to 20% if you like.

Wallahi I don't know this man knowing what is doing....you approve 7.5% on top doing nothing, GOD will punish you coz you are driving Nigeria back each and everyday .

😂 😂 😂 😂 😂 We die here

For what reason Have they improved anything?

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