Tinubu reviews Finance Act 2023, signs 4 Executive Orders

On Thursday, 6th July, President Bola Tinubu took the initiative to sign four distinct Executive Orders, each serving a specific purpose. One of these orders involves the suspension of the 2023 Finance Act, deferring its commencement date from May 28, 2023, to September 1, 2023.

In addition to this, the President also signed three other Executive Orders aimed at overturning certain legislations hastily enacted by former President Muhammadu Buhari towards the end of his administration.

Among the other orders signed, one is the Customs Excise Tariffs Amendment Order 2023, which addresses specific modifications to customs duties. Additionally, there is an order imposing a 5% Excise Tax on Telecommunication Services, along with other related measures.

During a briefing with State House journalists on Thursday, Dele Alake, the special adviser to the President on special duties, communication, and strategy, explained that these actions are in alignment with President Tinubu's policy of fostering a conducive environment for businesses to thrive.


Source : Business Day

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