The Nation Newspaper Govt to firm up non-oil revenue plan
Finance Minister Mr. Wale Edun spoke on this at the Lagos Business School Breakfast Club on Monday.According to a tweet from the Presidency, the bill aims to significantly increase non-oil revenue streams by curbing the country’s overreliance on oil revenue as the mainstay of the economy.
Other measures are that the government will likely scrutinise existing tax breaks and waivers to ensure they are necessary and not creating undue loss of revenue. According to him, an update on the proposed emergency economic bill will be announced in a matter of weeks, stressing the urgency for non-oil revenue growth.
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