administration will be offering more tax incentives to Nigerians especially through the forthcoming 2020 Finance Bill.1. Reduction in duties on tractors from 35 to 10 per cent3. Reduction of levy on motor vehicles for the transportation of persons from 35 per cent to 5 per cent.
6. Granting of tax relief to companies that donated to the COVID-19 relief fund under the private sector coalition . “This is further expected to create more job opportunities in the automobile industry and stimulate economic growth,” the minister added. c. Proposing measures and interventions to fund the Government’s COVID-19 Crisis Intervention Initiatives as well as introducing provisions to allow for the recovery of donations made by corporate taxpayers towards the COVID-19 Pandemic and other potential crises;