Businesses all over the world are battling the pandemic
resulting from the novel coronavirus. The present crisis which
started as a humanitarian crisis has transformed into system
failure, having monumental economic consequences. Steps taken by
governments all over the world to curb the spread of the virus, by
restricting movements and shutting down businesses, prompts a
stimulus package to avoid bankruptcy and insolvency. Nigeria,
having taken a hint from other countries, has proposed the passage
of The Emergency Stimulus Bill 20201into law to absorb the looming
economic impact of the pandemic on the lives of its citizens.
Amongst other things, the Bill seeks to provide temporary relief to
both employers and employees. The main thrust of the Bill is to
ensure the security of employees who may otherwise be retrenched as
a result of the negative economic impact of COVID-19. The Bill
intends to achieve this by proposing a tax incentive to employers
from employees' tax
