• Latest
  • Trending
  • All
  • News
  • Politics

Nigerian employers chide Senate for passing Buhari’s Finance Bill without stakeholder consultation

November 22, 2019
President Bola Tinubu Moves To Greatly Transform Nigeria’s Energy Sector, As Special Adviser To The President On Energy, Olu Verheijen, Wraps Up Very Fruitful Engagements With Chevron, Total, Shell, 12 Other Major International And Independent Oil And Gas Companies Operating In Nigeria – FULL DETAILS

President Bola Tinubu Moves To Greatly Transform Nigeria’s Energy Sector, As Special Adviser To The President On Energy, Olu Verheijen, Wraps Up Very Fruitful Engagements With Chevron, Total, Shell, 12 Other Major International And Independent Oil And Gas Companies Operating In Nigeria – FULL DETAILS

September 23, 2023
Petrol Marketers Move For The Price Of Petrol To Urgently Increase From N598 – N617 Per Litre To A Whopping N890 – N900 Per Litre, Due To The Recent And Consistent Fall Of The Naira Against The United States Dollar And Surge In The Price Of Crude Oil In The International Market – MORE SHOCKING REVELATIONS

Petrol Marketers Move For The Price Of Petrol To Urgently Increase From N598 – N617 Per Litre To A Whopping N890 – N900 Per Litre, Due To The Recent And Consistent Fall Of The Naira Against The United States Dollar And Surge In The Price Of Crude Oil In The International Market – MORE SHOCKING REVELATIONS

September 23, 2023
My Ambition For Now Is Supporting Tinubu To Succeed – Yahaya Bello

My Ambition For Now Is Supporting Tinubu To Succeed – Yahaya Bello

September 23, 2023
Mohbad father’s want to join marlians record label so that naira Marley will pay him the remaining balance of money by his late son

Mohbad father’s want to join marlians record label so that naira Marley will pay him the remaining balance of money by his late son

September 22, 2023
Senior Advocate Of Nigeria Suggests That In Future Elections, “INEC Should No Longer Be A Respondent; INEC Should Be An Independent Party, Adds “I Believe That We Should Move The Onus Of Proof In Electoral Cases To INEC. That Singular Act Will Reduce Election Petitions By 50 Percent” – MAKES MORE SOLID ARGUMENTS

Senior Advocate Of Nigeria Suggests That In Future Elections, “INEC Should No Longer Be A Respondent; INEC Should Be An Independent Party, Adds “I Believe That We Should Move The Onus Of Proof In Electoral Cases To INEC. That Singular Act Will Reduce Election Petitions By 50 Percent” – MAKES MORE SOLID ARGUMENTS

September 22, 2023
Retired Justice Of The Supreme Court Begs 10th Senate President To Amend The 1999 Constitution, To Enhance The Functioning Of Courts, Says By Doing So, The Courts And The Judges Will Be “Freed From The Constraints That Impede Their Ability To Fulfil Their Mandate Of Upholding The Rule Of Law, Justice And Democracy”

Retired Justice Of The Supreme Court Begs 10th Senate President To Amend The 1999 Constitution, To Enhance The Functioning Of Courts, Says By Doing So, The Courts And The Judges Will Be “Freed From The Constraints That Impede Their Ability To Fulfil Their Mandate Of Upholding The Rule Of Law, Justice And Democracy”

September 22, 2023
BREAKING: President Bola Tinubu Boasts In New York, Tells Nasdaq Stock Market That “The Greatest Economy Is Nigeria”, Despite Failing To Show Seriousness About Tackling The Incessant Insecurity And Daily Kidnappings Across The Country, Adds “There Is An Immense Opportunity In Nigeria That You Can Invest Your Money Without Fear

BREAKING: President Bola Tinubu Boasts In New York, Tells Nasdaq Stock Market That “The Greatest Economy Is Nigeria”, Despite Failing To Show Seriousness About Tackling The Incessant Insecurity And Daily Kidnappings Across The Country, Adds “There Is An Immense Opportunity In Nigeria That You Can Invest Your Money Without Fear

September 22, 2023
Great Shock As Dangote Petroleum Refinery Gets Exposed For Currently Importing Crude Oil Into Nigeria For Refining, As The Nigerian National Petroleum Company Limited Says That Due To Its Commitment To Sell Crude Oil To Other Entities, It Cannot Provide Products For Dangote Refinery

Great Shock As Dangote Petroleum Refinery Gets Exposed For Currently Importing Crude Oil Into Nigeria For Refining, As The Nigerian National Petroleum Company Limited Says That Due To Its Commitment To Sell Crude Oil To Other Entities, It Cannot Provide Products For Dangote Refinery

September 21, 2023
All Eyes On Rabiu Musa Kwankwaso’s Alleged Romance With APC, As Election Petition Tribunal Sitting In Kano State Cancels Some Votes Of NNPP’s Governor Abba Yusuf, To Announce APC’s Nasiru Gawuna As The Authentic Winner Of The 2023 Kano State Governorship Election By 897,000 To 850,000 Votes

All Eyes On Rabiu Musa Kwankwaso’s Alleged Romance With APC, As Election Petition Tribunal Sitting In Kano State Cancels Some Votes Of NNPP’s Governor Abba Yusuf, To Announce APC’s Nasiru Gawuna As The Authentic Winner Of The 2023 Kano State Governorship Election By 897,000 To 850,000 Votes

September 21, 2023
Court Grants N5m Bail To 69 Suspected Gay Wedding Attendees In Delta State

Court Grants N5m Bail To 69 Suspected Gay Wedding Attendees In Delta State

September 21, 2023
SHOCKING!!! President Bola Tinubu’s APC Federal Government That Claims To Care For Poor Nigerians Describes NLC’s Demand For Increase In Minimum Wage As A “Wage Award” That Nigerian Workers Do Not Deserve, Makes No Effort In Fulfilling All Its ‘Audio’ Commitments To The NLC Over 4 Months – FULL DETAILS

SHOCKING!!! President Bola Tinubu’s APC Federal Government That Claims To Care For Poor Nigerians Describes NLC’s Demand For Increase In Minimum Wage As A “Wage Award” That Nigerian Workers Do Not Deserve, Makes No Effort In Fulfilling All Its ‘Audio’ Commitments To The NLC Over 4 Months – FULL DETAILS

September 19, 2023
BREAKING: Benue State Governor Under A New Bonding Agreement Commits To Provide Monthly Allowances Of N103,000 To All Medical Students At The College Of Health Sciences, Benue State University, Until Their Graduation, On The Condition That They Must Serve The State For At Least 2 Years

BREAKING: Benue State Governor Under A New Bonding Agreement Commits To Provide Monthly Allowances Of N103,000 To All Medical Students At The College Of Health Sciences, Benue State University, Until Their Graduation, On The Condition That They Must Serve The State For At Least 2 Years

September 19, 2023
  • Home
  • Gossip
  • News
    • Politics
  • News
  • Entertainment
  • Educative
  • Entertainment
    • Gaming
    • Sports
  • Sports
  • Advertisement
Sunday, September 24, 2023
Dailyexcessive
  • Home
  • Gossip
  • News
  • Entertainment
  • News
    • All
    • Politics
    President Bola Tinubu Moves To Greatly Transform Nigeria’s Energy Sector, As Special Adviser To The President On Energy, Olu Verheijen, Wraps Up Very Fruitful Engagements With Chevron, Total, Shell, 12 Other Major International And Independent Oil And Gas Companies Operating In Nigeria – FULL DETAILS

    President Bola Tinubu Moves To Greatly Transform Nigeria’s Energy Sector, As Special Adviser To The President On Energy, Olu Verheijen, Wraps Up Very Fruitful Engagements With Chevron, Total, Shell, 12 Other Major International And Independent Oil And Gas Companies Operating In Nigeria – FULL DETAILS

    Petrol Marketers Move For The Price Of Petrol To Urgently Increase From N598 – N617 Per Litre To A Whopping N890 – N900 Per Litre, Due To The Recent And Consistent Fall Of The Naira Against The United States Dollar And Surge In The Price Of Crude Oil In The International Market – MORE SHOCKING REVELATIONS

    Petrol Marketers Move For The Price Of Petrol To Urgently Increase From N598 – N617 Per Litre To A Whopping N890 – N900 Per Litre, Due To The Recent And Consistent Fall Of The Naira Against The United States Dollar And Surge In The Price Of Crude Oil In The International Market – MORE SHOCKING REVELATIONS

    My Ambition For Now Is Supporting Tinubu To Succeed – Yahaya Bello

    My Ambition For Now Is Supporting Tinubu To Succeed – Yahaya Bello

    Senior Advocate Of Nigeria Suggests That In Future Elections, “INEC Should No Longer Be A Respondent; INEC Should Be An Independent Party, Adds “I Believe That We Should Move The Onus Of Proof In Electoral Cases To INEC. That Singular Act Will Reduce Election Petitions By 50 Percent” – MAKES MORE SOLID ARGUMENTS

    Senior Advocate Of Nigeria Suggests That In Future Elections, “INEC Should No Longer Be A Respondent; INEC Should Be An Independent Party, Adds “I Believe That We Should Move The Onus Of Proof In Electoral Cases To INEC. That Singular Act Will Reduce Election Petitions By 50 Percent” – MAKES MORE SOLID ARGUMENTS

    Retired Justice Of The Supreme Court Begs 10th Senate President To Amend The 1999 Constitution, To Enhance The Functioning Of Courts, Says By Doing So, The Courts And The Judges Will Be “Freed From The Constraints That Impede Their Ability To Fulfil Their Mandate Of Upholding The Rule Of Law, Justice And Democracy”

    Retired Justice Of The Supreme Court Begs 10th Senate President To Amend The 1999 Constitution, To Enhance The Functioning Of Courts, Says By Doing So, The Courts And The Judges Will Be “Freed From The Constraints That Impede Their Ability To Fulfil Their Mandate Of Upholding The Rule Of Law, Justice And Democracy”

    BREAKING: President Bola Tinubu Boasts In New York, Tells Nasdaq Stock Market That “The Greatest Economy Is Nigeria”, Despite Failing To Show Seriousness About Tackling The Incessant Insecurity And Daily Kidnappings Across The Country, Adds “There Is An Immense Opportunity In Nigeria That You Can Invest Your Money Without Fear

    BREAKING: President Bola Tinubu Boasts In New York, Tells Nasdaq Stock Market That “The Greatest Economy Is Nigeria”, Despite Failing To Show Seriousness About Tackling The Incessant Insecurity And Daily Kidnappings Across The Country, Adds “There Is An Immense Opportunity In Nigeria That You Can Invest Your Money Without Fear

    Great Shock As Dangote Petroleum Refinery Gets Exposed For Currently Importing Crude Oil Into Nigeria For Refining, As The Nigerian National Petroleum Company Limited Says That Due To Its Commitment To Sell Crude Oil To Other Entities, It Cannot Provide Products For Dangote Refinery

    Great Shock As Dangote Petroleum Refinery Gets Exposed For Currently Importing Crude Oil Into Nigeria For Refining, As The Nigerian National Petroleum Company Limited Says That Due To Its Commitment To Sell Crude Oil To Other Entities, It Cannot Provide Products For Dangote Refinery

    All Eyes On Rabiu Musa Kwankwaso’s Alleged Romance With APC, As Election Petition Tribunal Sitting In Kano State Cancels Some Votes Of NNPP’s Governor Abba Yusuf, To Announce APC’s Nasiru Gawuna As The Authentic Winner Of The 2023 Kano State Governorship Election By 897,000 To 850,000 Votes

    All Eyes On Rabiu Musa Kwankwaso’s Alleged Romance With APC, As Election Petition Tribunal Sitting In Kano State Cancels Some Votes Of NNPP’s Governor Abba Yusuf, To Announce APC’s Nasiru Gawuna As The Authentic Winner Of The 2023 Kano State Governorship Election By 897,000 To 850,000 Votes

    Court Grants N5m Bail To 69 Suspected Gay Wedding Attendees In Delta State

    Court Grants N5m Bail To 69 Suspected Gay Wedding Attendees In Delta State

    SHOCKING!!! President Bola Tinubu’s APC Federal Government That Claims To Care For Poor Nigerians Describes NLC’s Demand For Increase In Minimum Wage As A “Wage Award” That Nigerian Workers Do Not Deserve, Makes No Effort In Fulfilling All Its ‘Audio’ Commitments To The NLC Over 4 Months – FULL DETAILS

    SHOCKING!!! President Bola Tinubu’s APC Federal Government That Claims To Care For Poor Nigerians Describes NLC’s Demand For Increase In Minimum Wage As A “Wage Award” That Nigerian Workers Do Not Deserve, Makes No Effort In Fulfilling All Its ‘Audio’ Commitments To The NLC Over 4 Months – FULL DETAILS

    Trending Tags

    • Donald Trump
    • Future of News
    • Climate Change
    • Market Stories
    • Election Results
    • Flat Earth
  • Sports
No Result
View All Result
Dailyexcessive
No Result
View All Result
Home News

Nigerian employers chide Senate for passing Buhari’s Finance Bill without stakeholder consultation

by peter
November 22, 2019
in News
0
497
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

The Nigeria Employers’ Consultative Association, NECA, has decried failure of the Senate to consider stakeholders submissions before passage of the Finance Bill into Law.

Timothy Olawale, the Director-General raised concern on Friday in a statement signed by NECA’s Project Officer, Oluwaseun Amigun.

Recall that the Senate had on November 21, passed the Finance Bill 2019, which increased Value Added Tax, VAT, from five per cent to 7.5 per cent and equally streamlined the nation’s tax regime.

The passage of the bill followed the presentation and consideration of the report of Sen. Solomon Adeola-led Senate Committee on Finance on the Finance Bill 2019.

“We received with shock the news that the Senate without painstakingly going through various memoranda submitted by stakeholders on the Finance Bill and following the due process of law making, passed the bill into law.

“Thereby, rubber-stamping the increase in VAT, Excise Duty and Stamp Duty among other anti-people provisions with the direct consequences being Nigerians having to pay more for goods and services.’’

The director-general said that the negative impact would include increase in prices leading to higher inflation.

He also said that it would lead to less disposable income for already poor households resulting in lower consumption and a decline in Gross Domestic Product, GDP, growth rate.

According to him, because input VAT on capital expenditure is not allowed as a credit in Nigeria, the cost of real investments will go up and more people will evade tax as compliant entities become less competitive.

He however, appealed to President Muhammadu Buhari to insist that due process be followed in the passage of the bill before assenting.

Share199Tweet124Share50
peter

peter

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Dailyexcessive

Copyright © Dailyexcessive.com Created and Hosted by @trustdee

Navigate Site

  • About
  • Gossip
  • Advertise
  • News
  • Privacy & Policy
  • Sports
  • Advertisement
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Gossip
  • News
    • Politics
  • News
  • Entertainment
  • Educative
  • Entertainment
    • Gaming
    • Sports
  • Sports
  • Advertisement

Copyright © Dailyexcessive.com Created and Hosted by @trustdee

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In