Nigeria will introduce new tariffs and levies in 2022, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, has said.
Ahmed disclosed this in Abuja on Monday at a public hearing on the Finance Bill 2021, orgnaised by the House of Representatives Committee on Finance on Monday in Abuja.
“Our aspiration is to do a midterm review with a possibility of another Finance Bill in mid-year 2022 to bring in more amendments,” she said
Mrs. Ahmed said a number of reforms as well as amendments were proposed for inclusion in the 2021 Finance Amendment bill, but noted that these would be introduced next year
She disclosed that some of the planned reforms include VAT and Stamp Duties, but said these could not be included in the bill due to legal issues currently on them.
The government has announced it would remove subsidies on petroleum products in the new year, which is expected to put pressure on the inflation rate.
