The NEC emergency virtual meeting was held from the Presidential Village, Abuja, on Tuesday.
Laolu Akande, Senior Special Assistant to the President for Media and Advertising, Office of the Vice President, in a statement, said that the bill was brought to the council by the Minister of Finance, Budget and National Planning, Zainab Ahmed.
Ms. Ahmed told the NEC that the proposed bill had to be passed along with the 2022 budget.
According to the minister, some of the proposed legislative changes include domestic revenue mobilization, closing tax loopholes, public finance management and tax administration reforms, as well as international taxation issues.
She said the NEC approved the bill subject to some comments.
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