Hotjse of REPRESENTATIVES FEDERAL REPUBLIC of NIGERIA
FmRTIi REPl'HLIC 9'1'11:\ATIONAL ASSE\1BLY FIRST SESSION :\0. 75 2141 HOtJSE OF REPRESENTATIVES • FEDERAL REPUBLIC OF NIGERIA FIRST VOTES AND PROCEEDINGS .'~, Tuesday, 10 March, 2020 1. The House met at 11.37 p.m. Mr Speaker read the Prayers. 2. The House recited the ,National Pledge 3. Votes and Proceedings Mr Speaker announced that he had examined and approved the VOlesand Proceedings of Thursday, , -e ·5 March, 2020. • The Votes and Proceedings was adopted by unanimous consent. 4. Message Mr Speaker read a message from the President of .he Federal Republic of Nigeria: .. PRESIDENT, FEDERAL REPUBLIC OF NIGERIA 6th March, 2020 RI. H011. Femi Gbajabiamila Speaker of the. House of Representatives, National Assembly Complex, Three Arms 'Zone, Abuia . • Dear Rt Hon. Speaker, TR,4NSl'vIlSSION OF THE FINANCE ACT (AMENDltfENn BILL FOR CONSIDERATION A.ND PASSAGE INTO LAW PRINTED BY NA.TlONAL ASSEMBL Y PRESS. ABUJA 2142 Tuesday, 10 March, 2020 :\0. i~ pursuant to Sections 58 and 59 of Constitution of the Federal Republic of Nigeria, 1999 (as amended). I formally request that the Finance Act, 2019 iAmendmenn Bill, he considered by the House of Representatives, for passage into law, " , 2, This Bill seeks to amend the Finance Act, 2019, as recently passed b» the National Assembly, by clarifying: (i) That the administrative effective date for the increase in Value Added Tax from 5% to 7,5% is the 1st of February ; 2020: (ii) That "Animal Feeds" are included in the list (~lBasic Food Items that are exempt from Value Added Tax; and (iii) Aspects, of the tax holiday incentive for agriculture, by targeting This incentive to small and medium sized companies that invest in primary crop, livestock, forestry and fishing agricultural production.
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