- House of Representatives Committee criticizes two Chinese companies for owing over ₦15 billion in VAT to the Nigerian government.
- Committee Chairman Jonathan Gaza disclosed the issue during a ministerial retreat in Abuja.
- The companies claimed they did not pay VAT to the Nigerian government.
- Gaza highlighted the revenue loss and praised the administration’s efforts to revive the sector.
- The sector generated ₦38 billion and over $800 million in Foreign Direct Investment in 2024.
- Minister of Solid Minerals Development, Dele Alake, plans to address state government interference in mining.
- Alake informed President Bola Tinubu and received approval to take action.
- Alake emphasized that state governments lack authority to regulate mining activities.
- The government will enforce compliance with the constitution regarding mining regulations.
Source: saharareporters.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
