The house of representatives has asked the Central Bank of Nigeria (CBN) to suspend the planned implementation of an electronic invoice (e-invoice) for all import and export operations.
The lawmakers also asked the CBN to give 90 days’ timeline for subsequent new fiscal/monetary policy implementation to “allow for adjustment to stabilize the economy”.
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.
An e-invoice is a digitally-delivered invoice issued, transmitted, received, processed, and stored in a specific standardised format.
Last week, the apex bank had said e-valuator and e-invoice would replace the hard copy final invoice as part of the documentation required for all impoert and export transactions from February 1.
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