Government promises stock market investors efficient fiscal incentives
Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, has reiterated the resolve of the Federal Government to implement efficient fiscal incentives for stock market investors. She gave the assurance while addressing stockbrokers at a ‘Bell Ringing Ceremony’ held at the Nigerian Stock Exchange (NSE) in Lagos yesterday.
According to Ahmed, government is working tirelessly to ensure that its fiscal reforms increasingly complement trade and monetary policies to boost activities on the bourse.
Her words: “Going forward, we are committed to moving away from blunt and expensive fiscal incentives like import duty waivers or lengthy tax holidays that reward investors merely for their intentions to invest. “Rather, we will design, and implement targeted and more efficient fiscal incentives that reward investors after they have kept their promises to invest, create jobs, deepen our capital markets and abide by applicable rules and regulations.”