DWINDLING OIL REVENUE: EXPERTS SAY TAXATION IS WAY OUT

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The African Tax Administration Forum says taxation owns the key to economic emancipation of the continent in the face of dwindling revenue from crude oil. The forum reiterated this while briefing journalists after a closed door meeting with Vice President Yemi Osinbajo at the Aso Rock Villa.

The global crash in crude oil price is having is no doubt having a negative impact on oil producing countries. Exploring creative ways out of the adverse effect of the revenue shortage is consistently generating attention from policy makers. The meeting of the African Tax Administration Forum with Vice President Osinbajo according to the body is to further the call on the need to place more attention on taxes as means of revenue for government.

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