Inflation: FG Exempts Minimum Wage Earners From Tax
In order to reduce the impact of inflation on Nigerians, the Buhari administration, is, through the 2020 Finance Bill, proposing the exemption of minimum wage earners from Personal Income Tax.
This is even as the President Muhammadu Buhari administration tried to justify the reduction of import duties on cars, saying the government will buy locally assembled vehicles.
Buhari made these disclosures in his speech delivered virtually by Vice President Yemi Osinbajo, on Monday at the opening session of the 26th Nigerian Economic Summit Group Conference themed: "Building Partnerships for Resilience".
And when coupled with other items in the proposed Finance Bill, and various economic policies of the Federal Government, these incentives would ensure the resilience of the Nigerian ec...