The President, Muhammadu Buhari has transmitted the Finance Bill 2022 to the National Assembly as the federal parliament is billed to pass the 2022 Appropriation Bill today.
Femi Gbajabiamila ,Speaker of the House of Representatives at plenary on Tuesday read out the cover letter of the President on the bill which was titled ‘Transmission of the Finance Bill 2022 to the National Assembly for Consideration and Passage into Law in Support of the 2023 Budget.’
In the bill, the Federal Government proposed expanding the tax net and more equitable revenue sharing formula and allocation to state and local governments.
The Finance Bill, 2022 seeks to support the implementation of the 2023 Federal Budget of Fiscal Consolidation and Transition by proposing key reforms to specific taxation, customs, excise, fiscal and other relevant laws.
Meanwhile, the House Committee on Appropriations was expected to lay its report on the 2023 Appropriation Bill on Wednesday.
Passage of the Federal Government’s budget is expected to have been concluded by Thursday when the lawmakers would embark on Christmas and New Year break. Leadership
Procyon News
