How we're making Nigeria's business environment friendlier - Osinbajo

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'What we have done in furthering our own economic policy is to attempt to make the fiscal environment as attractive as possible.'

6. Granting of tax relief to companies that donated to the COVID-19 relief fund under the private sector coalition .Mr Osinbajo emphasized that “the Finance Bill looks at several fiscal issues that we want to legislate on or amendments we want to make in the law, which would make it easier for us to implement the budget and also to ease the fiscal environment or make the fiscal environment friendlier.

Explaining further, Mr Osinbajo said “those who are doing construction contracts and proposing for construction contracts, pay a reduced rate, they no longer pay 5% they now pay 2.5%. On government’s efforts to generate jobs and create opportunities for income generation through the Economic Sustainability Plan , Mr Osinbajo said “in response, we designed an ambitious N2.3 trillion Economic Sustainability Plan and the focus of that plan is on creating jobs, first by the Mass Agriculture programme where already we have enumerated 5 million farmers and geo-tagged them to their farm lands.

 

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