The newly appointed acting chairman of the Federal Inland Revenue Service (FIRS), Mr. Zachaeus Adedeji has expressed confidence that the growth of the solid minerals sector would play a crucial role in bolstering Nigeria’s economy.
Adedeji made this statement during a courtesy visit to the Minister of Solid Minerals, Dr. Oladele Alake in Abuja.
Adedeji pointed out that the highest taxable limit is 18 per cent of the gross domestic product, with the country’s declining oil and gas sector contributing 78 per cent. He emphasised that the solid minerals sector has the potential to rescue the economy, given these circumstances.
During his remarks, Adedeji underscored the significance of Nigeria’s solid mineral resources, describing them as the administration’s new economic frontier. He stated, “This is our next oil, and that is why we are here. We are getting it right here. If we get it right, it means the future of Nigeria is secured. We are confident that with Dr. Oladele Alake as the Minister of Solid Minerals, half of our job is secured”.
In response, Alake assured that Nigeria would achieve economic growth and prosperity through the implementation of initiatives, policies, and programs aimed at revitalizing the economy for rapid socio-economic development. He emphasised that these efforts align with the renewed hope agenda of President Bola Ahmed Tinubu’s administration.
In a statement by the ministry’s head of press and public relations, Alaba Balogun, Alake emphasised that the administration’s vision and agenda are firmly rooted in Tinubu’s determination to uplift the country and improve the living standards of its citizens.
