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Growth Of Nigeria’s Mining Industry Fails To Lift Tax Revenues - Business - Nairaland

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Growth Of Nigeria’s Mining Industry Fails To Lift Tax Revenues by Mediamerge: 1:11pm On Aug 08, 2018
With the current administration’s commitment to economic diversification, and its huge dependence on mining, the sector is not expected to only develop, but to contribute meaningfully to government coffers in taxes and other levies, STANLEY OPARA writes.

Today the mining sector accounts for 0.3 per cent of national employment, 0.02 per cent of exports and about $1.40 billion of Nigeria’s Gross Domestic Product. Nigeria, no doubt, is endowed with vast reserves of solid minerals, including, but not limited to, precious and base minerals, industrial minerals, energy minerals, and metals. The mining sector was a significant driver of industrialisation and development in Nigeria.

Read more...http://energyworthonline.com/2018/08/08/growth-of-nigerias-mining-industry-fails-to-lift-tax-revenues/

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