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Once more, economists and financial market analysts have lamented the low level of non-oil revenue in the country. In view of this, analysts have urged governments at all levels to increase the non-oil revenue required for economic stabilisation and growth. The experts gave this advice at the first Central Securities Clearing System’s (CSCS’) annual economic outlook for 2015 titled: “Nigeria: Which Way Forward,” which held in Lagos at the weekend. Chief Executive Officer, Economic Associates, Ayo Teriba, harped on the need for the federal government to raise the value-added tax (VAT) rate as one of the measures to cushion the effect of the falling oil prices on the economy. ....