Abdulateef Amusa

Communications and information sector, cash-cows to the nation's treasury Abdulateef Amusa

The world is moving faster into knowledge-based economy from the innovations at the instance of innovations from the communications and information technology across the world. Nations are finding it easier to track sales, accounts and engage in quality administration through the use digital innovations. One of such innovations could bail nations, especially the mono-product nations in the world, to earn maximally from taxes and other sources of revenue base provided the relevant technical inputs are employed. In advanced nations, it is uneasy for tax evasion from the use of relevant technology to track sales and accounts. The author, Amusa Abdulateef, used Nigeria, as a case study, with research-based facts and figures to establish the fact that the nation does not need to borrow to finance all her budgets if she can look inward and apply the technological advancements from the sectors as the platforms for others. A nation that has a fiscal budget of around seven trillion could generate over one trillion naira (Nigeria currency) per month all things being equal. He suggested reforms to put in place and how the nation could step into shoes of United Kingdom of this world to earn adequately from taxes and other tariffs. This work shall be an eye opener to other developing and the underdeveloped nations of the world that are increasing their borrowing to support their economies despite the stringent conditions attached to borrowing from the creditors. The book is highly recommended for researchers, research institutions and consultants to the government.