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President Muhammadu Buhari, has announced plans to review existing tax laws in the country.
Buhari disclosed this during the presentation of the Appropriations Bill 2022 at a joint session attended by members of both chambers of the National Assembly.
He stated that the country’s debt profile was rising because the Federal Government had to spend its way out of recession.
The President added that his administration is working towards diversifying the economy with robust MSME growth, investing in critical infrastructure, strengthening security and ensuring good governance.
