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In this article, our focus will be on the significant changes
being proposed to other extant tax and fiscal legislations.
On Thursday 8 October 2020, His Excellency, President Muhammadu
Buhari presented the 2021 Budget Proposal to the Joint session of
the National Assembly. While delivering the budget presentation
speech, the President also announced that the Finance Bill 2021
would be presented to the National Assembly for consideration and
passage into law. On Wednesday 18 November 2020, the Federal
Executive Council (FEC), presided over by the President approved
the Finance Bill 2021.