We are counting on Solid Minerals to boost Nigeria’s revenue, says FIRS boss

Acting Chairman of the Federal Inland Revenue Service (FIRS), Mr. Zachaeus Adedeji, said on Wednesday that his administration is counting on the growth of the solid minerals sector to boost the economy.

Adedeji disclosed during his courtesy visit to the Minister of Solid Minerals, Dr. Oladele Alake, that the highest taxable limit is 18 percent of the Gross Domestic Product and the country’s declining oil and gas sector contributes 78 percent.

Adedeji said: “The country’s solid mineral resource is now the toast of this administration. 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.”

In his remarks, the Minister of Solid Minerals, Dr. Alake, assured that Nigeria will achieve economic growth and prosperity again under the implementation of initiatives, policies and programmes that will revamp the economy for rapid socio-economic development, as encapsulated in the renewed hope agenda of President Bola Ahmed Tinubu-led administration.

Dr Oladele Alake said that 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.