The House of Representatives has passed the Emergency Economic Stimulus Bill, 2020, which, among other things, aims at providing temporary relief to companies and individuals from the economic consequences of the COVID-19 pandemic.
The bill especially seeks to maintain the general financial wellbeing of Nigerians pending the eradication of the pandemic and return to economic stability.
The bill, at the plenary, passed the first, second and third readings in just over one hour.
It was jointly sponsored by the leadership of the House, including the Speaker, Femi Gbajabiamila, and the Deputy Speaker, Ahmed Wase.
The Senate, which is required to concur with the legislation before onward transmission to the president for assent, had, however, adjourned for two weeks before the House concluded work on it.