1.    Oil price has nosedived and is very likely to remain low for another two years due to ample global oil supplies coupled with a relatively weak economic growth - Mr. Rex Tillerson, CEO ExxonMobil Corporation, during the company’s annual investors’ conference in New York.

2.    To ensure the growth in the economy is adequately reflected in public revenue, the Nigerian House of Representatives has urged The Federal Ministry of Finance to direct the Federal Inland Revenue Service (FIRS) to ensure strict compliance to the National Tax Policy and Procedure in tax collection. This directive cuts across both public and private sectors of the economy in order to guarantee tax administration becomes more effective.

3.    Dwindling export revenue combined with the adjustment to the value of the Naira means the Nigerian Government will certainly revert to other sources of income to fund the robust expenditure budget from election campaign promises.

4.    Automation of the tax processes as well as the interface with online banking bug leave no escape route for anyone.

5.    Most importantly, it is honourable to pay your tax!