On Thursday, President Bola Tinubu signed four Executive Orders, one of which suspends the 2023 Finance Act and delays its implementation from May 28, 2023, to September 1, 2023.
Additionally, President Tinubu signed three other Executive Orders that aim to reverse laws hastily enacted by former President Muhammadu Buhari during the final days of his administration. These orders include the Customs, Excise Tariffs Amendment Order of 2023, as well as the imposition of a 5% Excise Tax on Telecommunication Services, among other measures.
Dele Alake, the Special Adviser to the President on Special Duties, Communication, and Strategy, briefed State House Journalists on Thursday, stating that these actions align with President Tinubu’s policy of creating a favorable environment for businesses to prosper.
Further details will be provided shortly.
