, as the major challenge that will beset the expected gains of the Finance Bill signed into law by President Muhammadu Buhari. There are indications that members of the nation’s economic team have already assembled in Abuja to fine-tune modalities for the takeoff of the new law that is mostly centred on raising revenue for the government.
“Still, getting funds from the law is one thing, but transparency and accountability in the management is another. This has remained the crux at public fora in recent times. Transparency in the handling of public funds will boost confidence and compliance by citizens,” she said.A Senior Partner at PwC, Taiwo Oyedele, said the signing of the Finance Bill into law came with provisions designed to promote fiscal equity, support MSMEs and modernise the tax system.
According to the Chief Executive Officer, the Nigerian Stock Exchange , Oscar Onyema, market sentiments would be buoyed by a steady and stable recovery in the domestic economy, alongside continued sustainability in monetary policy.He noted that the signing into law of the Finance Bill 2019, and the implementation of the 2020 budget would have a positive impact on companies’ earnings and consumer spending.