OPINION: Exploring the finance Act to grow non-oil revenue
By Sunday Michael Ogwu The expirience of COVID-19 especially on developing nations with dependent oil resource like Nigeria has further heightened the called for the diversification of revenue source. Oil benchmark prices dropped below zero force producers to pay off takers because of the compounding demourage from warehouses. Nigeria has not hidden its desire to diversify its revenue sources especially in the last couple of years with the Finance Act opening up more channels to extract non oil revenue. The 2019 finance Act was described as the most far-reaching tax reform in 20 years, designed to facilitate corporate restructuring and…