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Page 49 - மூன்றாம் நிலை கல்வி நம்பிக்கை நிதி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Finance Act, 2020 - Impact On The Manufacturing Sector - Tax

To print this article, all you need is to be registered or login on Mondaq.com. On 31 December 2020, the President signed the Finance Bill, 2020 (now Finance Act, 2020) into law, alongside the 2021 Appropriation Act. Indeed, the introduction of the Finance Act, 2020 (FA 2020) at the beginning of fiscal year 2021 is a step in the right direction. One can come to a conclusion that the Nigerian government is making conscious efforts to align its local laws with global best practices, promote fiscal equity, improve the ease of doing business, provide support for small businesses and cultivate a suitable environment for investment in infrastructure. The effort

2021 Budget, Economic Recovery and Fiscal Sustainability

The early passage of 2021 Budget, which for the second consecutive year, effectively returns the country to the January-December budget cycle is a means to an end and not an end itself. The main challenge is how to catalyse economic recovery efforts, and budget execution to significantly contribute towards achieving fiscal sustainability as well as macro-fiscal and sectoral objectives. Ndubuisi Francis writes It is an unassailable fact that Nigeria is buffeted by a deepening macroeconomic challenges, a worsening social and fiscal order. While the economic challenges grow in leaps and bounds, the resources to tackle them appear to be wearing thin. Nigeria’s second quarter 2020 gross domestic product (GDP) contracted by 6.1 per cent although it performed considerably betterthan expected in the third quarter, contracting only by 3.62 per cent, representing an improvement of 2.48 per cent points over the second quarter level.

Lecturer dismissed after confessing to sexually harassing female student

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