FG Says No Plan To Increase Taxes As FEC Approves Finance Bill

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2020 Finance Bill has been approved by the Federal Executive Council Wednesday, PUNCH reports.

decision was taken at a meeting of the council presided over by the President, Major General Muhammadu Buhari.

Minister of Finance, Budget and National Planning, Zainab Ahmed, briefed State House correspondents of the meeting’s outcome.

She said 2020 Finance Bill was meant to support the 2021 fiscal year budget.

minister gave an assurance that the bill will lead to an increase in tax because situation in the country does not warrant an increase in taxes.

“This is the time to increase taxes,” she said.

Details later…