Nigeria - 2020 - Economy

Emergency Economic Stimulus Bill, 2020.

Ministry of Interior Affairs, Nigeria

This bill seeks to provide for relief on corporate tax liability, suspension of import duty on selected goods and deferral of residential mortgage obligations to the federal mortgage bank of Nigeria for a fixed term to protect jobs and alleviate the financial burden on citizens in response to the economic downturn occasioned by outbreak of COVID-19 disease and for related matters. It aims to protect the employment status of Nigerians and eliminate additional fiscal bottleneck on the importation of medical equipment, medicines, personal protection equipment and other such medical necessities.

Process Flow

National Assembly

Office of the President

Contacts

Approver

Ahmad Lawan

Senate President

National Assembly

Approver

Muhammadu Buhari

President of the Federal Republic of Nigeria

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Emergency Economic Stimulus Bill, 2020. Current Version

January 2022

This bill seeks to provide for relief on corporate tax liability, suspension of import duty on selected goods and deferral of residential mortgage obligations to the federal mortgage bank of Nigeria for a fixed term to protect jobs and alleviate the financial burden on citizens in response to the economic downturn occasioned by outbreak of COVID-19 disease and for related matters. It aims to protect the employment status of Nigerians and eliminate additional fiscal bottleneck on the importation of medical equipment, medicines, personal protection equipment and other such medical necessities.

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