The Federal Government of Nigeria (FGN) has approved and ordered the implementation of the 2021 Fiscal Policy Measures (2021 FPM), effective 6 September 2021. The 2021 FPM replaces the 2019 FPM which had been in force since 1 July 2019. This approval was communicated by the Honorable Minister of Finance via a circular (“the Circular”) dated 31 August 2021.
An in-depth analysis reveals FGN’s continued effort to encourage investment in certain critical industries, stimulate local production, drive backward integration, and align fiscal policies with the recent changes made by Finance Act 2020.
Please click here to explore the 2021 FPM newsletter.