The acting Chairman of the Federal Inland Revenue Service, Mr Zachaeus Adedeji, has said the administration is counting on solid minerals sector’s development to boost the nation’s economy.
He also said the highest taxable limit was 18 per cent of the gross domestic product, and the country’s declining oil and gas sector contributes 78 per cent.
This Head, Press & Public Relations, FIRS, Alaba Balogun made this disclosure in a statement on Wednesday.
According to the statement, Adedeji said this on Tuesday during a courtesy visit to the Minister of Solid Minerals, Dr. Oladele Alake in Abuja.
He added that this made solid minerals the sector that could rescue the economy.
The FIRS boss reiterated that the country’s solid minerals resource was now the toast of the administration.
He said, “This is our next oil and that is why we are here. We are getting it right here. If we got it rightly, it means the future of Nigeria is secured. We are confident having Dr Oladele Alake as the Minister of Solid Minerals, half of our job is secured’’ Dr Adedeji stated.
Earlier, Dr. Alake assured that Nigeria will achieve economic growth and prosperity again by implementing initiatives, policies and programmes that will revamp the economy for rapid socio- economic development as encapsulated in the renewed hope agenda of the President, Bola Tinubu led administration.
“The vision and agenda of the present administration is strongly rooted on the avowed determination of Mr President to uplift the country, and improve the living standards of the citizenry.” Alake concluded.