Besides widening the tax net and eliminating leakages in the revenue accruing to it, the Federal Government is banking on the non-oil sector to diversify the economy.
Prior to the introduction of diversification policy by the President Muhammadu Buhari administration, the Federal Government was running a mono economy, earning more than 80 per cent of its revenue from crude oil exportation. But things are changing. The government is looking the way of solid minerals and agriculture.
The summit on Agriculture and Food Security organised by Vintage Press publishers of The Nation was to agriculture on the front burner and stimulate national discourse on the sector as an alternative to oil, the mainstay of Nigeria’s economy. Read more