President hands over budget bill, urges partnership to improve health – Nigeria – The Guardian Nigeria News – Nigeria and World News

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To accelerate the adoption of the 2022 budget by the National Assembly, President Muhammadu Buhari yesterday forwarded the 2021 finance bill for consideration and approval by lawmakers.

In the cover letter, the Nigerian leader said the request complied with Articles 58 and 59 of the 1999 Constitution (as amended).

He explained that the bill aims to support the implementation of the “2022 Economic Growth and Sustainability Budget” by proposing key reforms in taxation, customs, excise, taxation and other relevant laws.

The president added that the bill provides for increased domestic revenue mobilization efforts to increase tax and non-tax revenue and ensure tax administration and legislative drafting reforms, in particular to support the automation project. pending from the Federal Inland Revenue Service (FIRS).

Buhari said that once passed, the bill would speed up international tax reforms to improve the taxation of non-resident individuals and businesses that derive Nigerian profits, as well as to implement reforms in the sector. fund to support current capital market reforms relating to securities lending operations, real estate investment trusts, mutual funds and recapitalization of insurance companies.

He noted that the bill would also prioritize critical public financial management reforms regarding the vital role of FIRS in coordinating tax administration, in addition to the enforcement of key fiscal rules under the Constitution of 1999, the Law on Finance (Control and Management) and other relevant laws.

Meanwhile, the president said a stronger partnership with the private sector would improve investment and access to health care in Nigeria, observing that a nation needs a healthy population to thrive.

Speaking at the virtual inauguration of the African Medical Center of Excellence (AMCE), a landmark hospital project aimed at transforming the health sector in West Africa, the President noted that the challenges facing the sector are faced require collective will, partnership and more resources.

The health project is implemented by the African Export-Import Bank (Afreximbank) in partnership with the federal government, Kings College Hospital in London, University of Wisconsin teaching hospital in the United States and Christie’s Manchester Hospital.

Buhari said that AMCE will also offer educational services to develop talent and establish itself as a world-class research center.

He said: “The success of AMCE will pave the way for future investments and partnerships in the sector while raising the local level of health care and providing a model of quality of services required to meet health and economic challenges. from Nigeria and Africa.

“AMCE represents a return to basics and the understanding that there is no African development agenda without able-bodied Africans to execute our vision of transformation. “

The President commended the management of Afreximbank, a pan-African multilateral trade finance institution established in 1993 under the auspices of the African Development Bank, and the partners for their commitment to Africa, and the action to meet the challenges that the continent faces on the way to its development.

He said the increase in noncommunicable disease cases in Africa was well established, adding: “Cardiovascular disease, cancer and blood disorders are of increasing concern to public health systems.

Buhari added, “These diseases are now the main contributors to non-communicable disease mortality, accounting for over 81% of all NCD deaths in West Africa. “

In his remarks, the Minister of Health, Dr Osagie Ehanire, said that all hands are on the bridge, with the inter-ministerial committee working to ensure that the project is carried out in a way that is beneficial to all parties.

Afreximbank Chairman Prof Benedict Oramah said the ceremony was “a step towards self-reliance for the delivery of health care in Africa”.


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