diversification
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economy
LASG, RMAFC collaborate on economic diversification to boost IGR
The Lagos State Government says it is intensifying efforts to diversify its economy and boost Internally Generated Revenue (IGR) through a partnership with the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). The Commissioner for Finance, Mr Abayomi Oluyomi, said this during a visit by the RMAFC to Lagos House in Ikeja on Tuesday. The News Agency of Nigeria (NAN) reports…
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Okomu Oil Bandit Attacks:Â Implications for revenue diversification, job creation
In the face of unpredictable foreign exchange earnings from oil, the Federal Government has made conscious efforts to widen the dragnet for foreign receipts. Before the discovery of crude in Oloibiri, in present day Bayelsa, Nigeria had relied on agriculture produce for foreign exchange earnings. Alongside cocoa and groundnut, palm oil and kernel featured prominently. Without a doubt, Okomu Oil…
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