to suspend the planned implementation of an electronic invoice for all import and export operations.
The lower legislative chamber passed the resolution during the plenary session on Thursday following the adoption of a motion sponsored by Leke Abjide, a lawmaker from Kogi state. Leading the debate on the motion on Thursday, Abejide who is the chairman committee on customs and excise, kicked against the CBN directive, saying it does not provide enough time for stakeholders’ engagement.“Sudden monetary/fiscal circular hurriedly or half-hazard implemented often leads to policy summersault hence major policy change such as this,” Abejide said.
He said the CBN has “gradually deviated” from its sole function of providing monetary policy measures to concentrating on fiscal policy measures, which is the function of the ministry of finance.
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