Nigerian government plans to amend NIMC Act, register and tax foreigners, part of Economic Stabilisation Bills.

The Nigerian government plans to amend the National Identity Management Commission Act to register and tax foreigners earning income in Nigeria. This initiative is part of the Economic Stabilisation Bills, aimed at expanding the tax base and improving economic growth. The proposals also include changes to maritime laws requiring fees in Nigerian naira and a reallocation of Tertiary Education Trust Fund resources to support student loans. The bills will be submitted to the National Assembly for approval.

September 25, 2024
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