Tag Archives: Finance Act

The experience of COVID-19, especially in developing nations with dependent oil resources like Nigeria, has further heightened the call for the diversification of revenue sources. Oil benchmark prices dropped below zero, forcing producers to pay off-takers because of the compounding demurrage from warehouses. Nigeria has not hidden its desire to …

The Federal Inland Revenue Service (FIRS) has stated that it would use the instrumentality of the Finance Act 2021, through collaboration with taxpayers and key stakeholders to ensure adequate funding of the country’s budget and raise the requisite financing for national development. This was stated by the Executive Chairman of …