Nigeria announces three-month extension of tax amnesty programme
President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS or the Scheme) by three months. The Scheme which originally lasted for 9 months and expired on 31 March 2018 will now run till 30 June 2018. As the original deadline was premised on an executive order, a fresh executive order will be issued to give legal backing to the new timeline.
President Buhari signs Executive Order to promote local content
President Muhammadu Buhari, on Monday 5 February 2018, signed the ‘Executive Order 5 for Planning and Execution of Projects, Promotion of Nigerian Content in Contracts and Science, Engineering and Technology’ (the Order).
2017 Federal Government Budget : Pinpointing the Facts and Figures
On Wednesday, 14 December 2016, President Muhammadu Buhari presented the 2017 budget of N7.3trillion to the National Assembly for consideration. The budget which is tagged, budget of recovery and growth and expected to be financed by increased borrowings, is aimed at providing a roadmap to revive the nation’s troubled economy. Click HERE for full details of the budget.