President Muhammadu Buhari said they are proposing in the new Finance Act that those who earn minimum wage should be exempted from paying income tax.
The provisions which will complement the tax breaks given to small Biz last year will not only further stimulate the economy but are also a fulfilment of promises made to take steps to help reduce the cost of transportation & the impact of inflation on ordinary Nigerians.
The president also said they are working actively with the central bank, Nigerian Sovereign Investment Authority, and State Governments under the auspices of the National Economic Council to design and put in place a N15 trillion Infraco Fund which will be independently managed.
The Infraco Fund will help to close the national infrastructural gap and provide a firm basis for increasing national economic productivity and growth.
