Non-oil sector capable of sustaining Nigeria’s economy—RMAFC

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) stressed the need to generate more revenue from the non-oil sector, saying that it was capable of sustaining the country’s economy.
Chairman of the Commission, Chief Elias Mbam said this when the Chief Executive Officer of Nigeria Exchange Commodities, Mrs Zaheera Ari, visited him in Abuja.
The RMAFC boss said that the commission would collaborate with government agencies working towards enhancing revenue generation.
Mbam, who emphasised the need to diversify the country’s economy from an oil-based one, said that more efforts were needed to explore the potential in the non-oil sector.
“A typical example is that the solid mineral was not contributing to the federation account.
“But as a result of the sensitisation and advocacy and the collaboration between the commission and the ministry of mines and steel, they are now contributing reasonably.
“And we are saying that if proper things are done the non-oil revenue is capable of sustaining the economy of this country…


Leave a Reply