The Minister of Finance, Budget and National Planning, Zainab Ahmed, is a Nigerian accountant. She is the current Minister of Finance, Budget and National Planning appointed on August
21, 2019 as President Muhammadu Buhari brought the two ministries under her as one, making her the de facto Minister of Economy. has stated that Micro and Small (MSMEs) with a
turnover of less than N25 million will be exempted from Compànies
Income Tax (CIT) under the New Finance Bill. The Minister of Finance said on a programme of the Nigerian Television Authority (NTA) on Monday.
According to her only companies earning over N25 million per annum would be.subjected to payment of tax. She said,
Quote
“Our assessment is that any business that has a turnover of less than N25m needs that break, not being taxed so they can invest in their businesses.”
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