Investor Presentaiton

Fiscal Policy Response to COVID-19 (cont'd) Nigeria has swiftly introduced fiscal measures to protect people, jobs and the economy. Key Fiscal Measures Allocated N102.5 billion (c. US$335 million) in resources to be available for direct interventions in the healthcare sector 。 Of this sum, N6.5 billion has already been made available to the Nigeria Centre for Disease Control ("NCDC”) for critical expenditure 。 Lagos State has already been provided N10 billion in emergency funding. 。 Explicit criteria are to be agreed with the Federal Ministry of Health and the NCDC to determine when funds would be released to the affected States and the FCT 。 More funds are to be provided from the proposed COVID-19 Crisis Intervention Fund to address emerging and priority funding needs US$150 million to be drawn from the Nigeria Sovereign Investment Authority ("NSIA") Stabilization Fund to augment the Federation Account Allocation Committee ("FAAC") disbursements Significant tax relief for Micro, Small and Medium-sized Enterprises (MSMEs) 。 Extension of time for filing VAT and withholding tax from 21st to the last working day of the month, following the month of deduction. 。 The due date for filing Companies Income Tax returns has been extended by one month. 。 Taxpayers may file returns using unaudited accounts but must subsequently submit audited accounts within two months after the revised due date of filing 。 Expanded VAT Exemption List for essential food, medical supplies and other basic items critical to address the COVID-19 Pandemic Cash donations by corporates to be tax deductible o Establishment of a COVID-19 Relief Fund Account domiciled with CBN for cash donations by corporates and individuals Federal Ministry of Finance, Budget and National Planning Source: Ministry of Finance, Budget and National Planning 9

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