P
ProfRem
Guest
Acting President Yemi Osinbajo (SAN), on Tuesday stated that Nigeria is working to ensure the implementation of a three-year tax holiday for new investors in the mining sector.
Osinbajo said this at the opening of a three-day National Mining Conference, taking place at the International Conference Centre, Abuja.
While declaring the summit opened, Professor Osinbajo said “Further to encourage more entrance and more investors, the Government is working to ensure implementation of a three-year tax holiday for new investors in the mining sector.”
He said the long term plan of the Nigerian government was to grow the contribution of the solid mineral sector to the Nigeria’s Gross Domestic Product, GDP, by US $25 billion by the year 2025, which is three percent of current GDP.
According to him “the Economic Recovery and Growth Plan of the President Muhammadu Buhari administration, which targets a 7% growth by year 2020, sets a more aggressive growth rate of 8.54% for the solid mineral sector for the same period.
“The plan is to be realised principally by creating an enabling environment targeting large scale investors to institutionalised world class production standards in our countries solid sector,” the acting president stated.
Osinbajo said this at the opening of a three-day National Mining Conference, taking place at the International Conference Centre, Abuja.
While declaring the summit opened, Professor Osinbajo said “Further to encourage more entrance and more investors, the Government is working to ensure implementation of a three-year tax holiday for new investors in the mining sector.”
He said the long term plan of the Nigerian government was to grow the contribution of the solid mineral sector to the Nigeria’s Gross Domestic Product, GDP, by US $25 billion by the year 2025, which is three percent of current GDP.
According to him “the Economic Recovery and Growth Plan of the President Muhammadu Buhari administration, which targets a 7% growth by year 2020, sets a more aggressive growth rate of 8.54% for the solid mineral sector for the same period.
“The plan is to be realised principally by creating an enabling environment targeting large scale investors to institutionalised world class production standards in our countries solid sector,” the acting president stated.
