Tax relief: Fed Govt, World Bank plan $2.5m grant for each state

Tax relief: Fed Govt, World Bank plan $2.5m grant for each state

Business | Aug 17, 2020 03:18am | FORUM 234 Connect |


Some states that began implementation of  a tax relief for individual taxpayers and businesses by September 31 are to be compensated.

Such states will partake in the $2.5 million set aside by the Federal Government through its Ministry of Finance, Budget and National Planning and the World Bank, the Nigeria Governors’ Forum (NGF), said on Sunday.

Planed as grant, the incentive is to stimulate the success of the various tax relief programmes being introduced by state governments as part of measures to mitigate the debilitating toll of the pandemic on businesses and individuals and to aid speedy recovery of local economies.


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