Tag: Non-Oil Revenue
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Economic Council to meet over Trump’s tarrifs as FG moves to boost non-oil revenue-Edun reveals
The Minister of Finance, Wale Edun, has said that the Federal Government will boost non-revenue as a means of cushioning the adverse effects to trade tariffs imposed on countries by President Donald Trump. Edun also assured that the Economic Management Team (EMT) will meet to assess the likely impact of the 14 per cent…
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Dwindling economy: IMF urges Nigeria to diversify, increase non-oil revenue
The International Monetary Fund (IMF) has advised Nigeria to explore ways of increasing its revenue outside its traditional base of oil proceeds. The IMF’s Deputy Director, Fiscal Affairs Department, Paulo Mauro, who made the call at a press briefing at the on-going 2018 IMF/World Bank Meetings in Bali, Indonesia, admitted that there is an issue…
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Economy restructuring: FG launches ‘zero oil plan’, targets $30b non-oil revenue
The Federal Government has said it will restructure the economy by targeting $30 billion revenue from non-oil sources. TheNewsGuru.com reports that this will be an increase of $25billion from the current $5 billion target. This was revealed by the Director General of the Nigerian Export Promotion Council, NEPC, Segun Arowolo on Thursday after the National…