{"id":91737,"date":"2023-07-07T10:46:21","date_gmt":"2023-07-07T09:46:21","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni"},"modified":"2023-07-07T13:18:47","modified_gmt":"2023-07-07T12:18:47","slug":"tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni","title":{"rendered":"Tinubu\u2019s suspension of 2023 Finance Act highest level of political will \u2013 Prof Sanni"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Prof Abiola Sanni, a don of Commercial Law at the University of Lagos, said President Bola Ahmed Tinubu\u2019s decision to suspend the 2023 Finance Act, telecoms, import and other taxes had shown the highest political will to improve Nigeria\u2019s business environment.<\/p>\n

Sanni disclosed this on Friday in a Channels Television Interview monitored .<\/p>\n

The tax and fiscal policy don noted that Tinubu\u2019s four executive orders to suspend arbitrary taxes would bring short-term reprieve for shareholders in the nation\u2019s economy.<\/p>\n

He advised that some aspects of the Finance Act, such as the telecoms tax, should be abolished.<\/p>\n

However, Sanni urged that the aspect of green tax looks promising.<\/p>\n

\u201cIt demonstrates political will from the highest level to arrest the drift. I thank the president for coming through for stakeholders. Also, kudos to the stakeholders for their doggedness.<\/p>\n

\u201cIt is a step in the right direction. But this is not about suspension but also about postponing commencement day because enforcing the 2023 Finance Act is already problematic.<\/p>\n

\u201cWhile stakeholders would clamour for total abolition, I think what we have now offered some reprieve, bearing in mind this new Administration is just settling; there are no ministers in place. It is a measure to buy time for consultation. There are aspects of the Finance Act that need to be thrown away. For instance, I don\u2019t believe in the 5 per cent tax for telecoms because clearly, that is double taxation but an aspect of green tax offer some promise,\u201d he said.<\/p>\n

The president had on Thursday issued four executive orders to suspend the implementation of the 2023 Finance Act, Corporate, import, export, vehicle and other taxes.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Prof Abiola Sanni, a don of Commercial Law at the University of Lagos, said President Bola Ahmed Tinubu\u2019s decision to suspend the 2023 Finance Act, telecoms, import and other taxes had shown the highest political will to improve Nigeria\u2019s business environment. Sanni disclosed this on Friday in a Channels Television Interview monitored […]<\/p>\n","protected":false},"author":84,"featured_media":91735,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,14],"tags":[1570,2140,254,10817,945],"class_list":["post-91737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-sanni","tag-tinubu"],"yoast_head":"\nTinubu\u2019s suspension of 2023 Finance Act highest level of political will \u2013 Prof Sanni - Nigeria<\/title>\n<meta name=\"description\" content=\"Prof Abiola Sanni, a don of Commercial Law at the University of Lagos, said President Bola Ahmed Tinubu\u2019s decision to su ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tinubu\u2019s suspension of 2023 Finance Act highest level of political will \u2013 Prof Sanni\" \/>\n<meta property=\"og:description\" content=\"Prof Abiola Sanni, a don of Commercial Law at the University of Lagos, said President Bola Ahmed Tinubu\u2019s decision to su ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-07T09:46:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-07T12:18:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1688716046.505426.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Tinubu\u2019s suspension of 2023 Finance Act highest level of political will \u2013 Prof Sanni\",\"datePublished\":\"2023-07-07T09:46:21+00:00\",\"dateModified\":\"2023-07-07T12:18:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni\"},\"wordCount\":298,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/07\/sm_1688716046.505426.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"sanni\",\"Tinubu\"],\"articleSection\":[\"all news\",\"Policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/tinubus-suspension-of-2023-finance-act-highest-level-of-political-will-prof-sanni\",\"name\":\"Tinubu\u2019s suspension of 2023 Finance Act highest level of political will \u2013 Prof Sanni - 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