FG set to change tax regime, says Osinbajo

The federal government  plans to tinker with the tax regime as part of efforts to deal with the financial crisis brought on by falling oil prices, Vice President Yemi Osinbajo, has stated

The sharp drop in crude revenues, which provide 95% of foreign earnings, has led to the naira hitting record lows on the parallel market as foreign exchange reserves dwindle

Crude oil is Nigeria’s number one revenue earner