Nigeria - 2020 - Economy

Emergency Economic Stimulus Bill, 2020.

Ministry of Interior Affairs, Nigeria

This bill covers regulations on corporate tax liability, suspension of import duty on selected goods and deferral of residential mortgage obligations in response to the economic downturn occasioned by the outbreak of COVID-19 disease and other related matters. It aims to protect the employment status of Nigerians and eliminate additional fiscal bottlenecks on the importation of medical equipment, medicines, personal protection equipment and other such medical necessities.

Process Flow

National Assembly

Office of the President

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Emergency Economic Stimulus Bill, 2020. Current Version

January 2022

This bill covers regulations on corporate tax liability, suspension of import duty on selected goods and deferral of residential mortgage obligations in response to the economic downturn occasioned by the outbreak of COVID-19 disease and other related matters. It aims to protect the employment status of Nigerians and eliminate additional fiscal bottlenecks on the importation of medical equipment, medicines, personal protection equipment and other such medical necessities.

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