The Federal Government has disclosed plans to boost non-revenue as a means of cushioning the adverse effects to trade tariffs imposed on countries by President Donald Trump.
The Minister of Finance, Wale Edun who revealed this assured that the Economic Management Team will meet to assess the likely impact of the 14 per cent tariff on goods exported from Nigeria to the United States and make recommendations to cushion its impact on the nation’s economy.
Edun, who was speaking at an event organised by the Ministry of Finance Incorporated, said while the adverse effect on Nigeria will be through an oil price plunge, the government is intensifying efforts to ramp up oil production and boost non-oil revenues.
The development comes as president Donald Trump recently imposed various tariffs on goods exported to the US from countries across the world
The newly installed Alaafin of Oyo, Oba Akeem Owoade, has said his emergence was divinely ordained and not the result of political connections or influence. This was contained in a statement by his Director of Media and Publicity, Bode Durojaiye, in Ibadan, the state capital, during a thanksgiving service held at the Anglican Cathedral Church, Esiele, Oyo town. The monarch said Owoade said, “I never knew nor met the Oyo […]
Post comments (0)