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Obasanjo makes case for alternative sources of revenue

by Business News Report

Former President Olusegun Obasanjo has urged government at all levels in the country to explore alternative sources of revenue rather than depend solely on oil proceeds.He said at a workshop organised by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC) in Abeokuta that there were more avenues to generate more funds rather than resources from oil.“We have been sharing resources from one commodity, which is oil. The only thing left is for us to be drinking oil, but we have it intoxicating us. We have been using oil as a means of uniting the country, developing and ensuring peace as well as the stability of the country.”Obasanjo identified agriculture, manufacturing/industrialisation, solid minerals and tourism as alternative areas of generating revenue. He underscores the importance of exploring the four areas of generating revenue at both state and federal levels

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