Capital Market: FG to Introduce More Tax Incentives

• Capital Market: FG to Introduce More Tax Incentives

The Federal Government plans to introduce more tax incentives to attract investments into the nation’s capital market, the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, stated on Monday in Lagos.

Ahmed, who visited the Nigerian Stock Exchange on Monday, said the finance ministry was working with the bourse to formulate policies that would enhance the growth of the exchange.

She explained that the government had worked closely with the NSE in the past and made tax provisions for policies that would help deepen growth in the 2019 Finance Act.

She said, “We have asked the NSE to continue to work with us so that we can encourage Nigerians to invest more in the Nigerian capital market.

“We have a lot of resources locally and we are working with the NSE to ensure we mobilise resources through the market. Any policy that the government needs to put in place to enable the growth of the market, we will do that.”

She added that the 2019 Finance Act had taken care of some incentives, however, the next Finance Act would make provisions that would lure investors to the capital market.