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House passes bill to provide relief on corporate tax liabilities

A Bill for an Act to provide for relief on corporate tax liabilities and suspension of import duty on selected goods has been passed by the house of Representatives.

The speaker, Mr Femi Gbajabiamila, who sponsored the bill, explained that it seeks to protect jobs and alleviate the financial burden on the citizens in response to the economic downturn occasioned by the corona virus.

Supporting the bill, the leader of the house, Ado Doguwa, observed that the bill will protect both the private sector and the employees from the economic effects of the outbreak.

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