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Entrepreneurship, Industrial Hubs hold key to Nigeria’s economic transformation ― FIRS

by Tribune Online
October 2, 2022
in Latest News
Reading Time: 3 mins read
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Entrepreneurship Industrial Hubs key, FIRS does not grant tax waivers, FIRS boss receives IBB FIRS begins enforcement, FIRS to raise funding, FIRS 2021 performance update, automation of tax administration processes, tax system must work, inclusion of 36 states in Tax

Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammad Nami, has stated that Nigeria’s economic transformation is possible through entrepreneurship and the establishment of Industrial Hubs across the federation.

He noted that the adoption of this model would create all-around economic transformation.

Mr Nami, who stated this in his goodwill message to Nigerians on the occasion of the country’s 62nd Independence Day anniversary, urged the citizens to invest in creating entrepreneurship and industrial hubs as they hold the “key to unlock the massive economic potentials of the country.”

The Executive Chairman of the FIRS called on States to emulate Ondo State’s Entrepreneurship Village which was set up to groom and harvest talents for the industrialisation of the state.

He called on other state governments to adopt this model and set up similar hubs in their states as a way of channelling the energies of young Nigerians to productive use.

“Nigeria is a country with limitless potentials. We are resilient and talented people, and what these young Nigerians need is the enabling environment to thrive.

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“A good place to start is the setting up of Entrepreneurship and Industrial Hubs across every State in the country. This would set off a chain reaction that would turn around the fortunes of the country, and tap into the potentials of our vast young and dexterous population.”

Mr Nami called on the various state governments to adopt and deploy this model as a strategy to tackle issues of unemployment and insecurity while spurring economic activities in their states.

“The model will take young people away from the streets and put them into productive activities.

“You will be surprised by the amount of jobs that would be created. Multitudes would have their lives changed, and an abundance of economic activities would be sparked across the nooks and crannies of our country in an unprecedented manner. Nigeria has what it takes to lead the world, and this is one of the ways to go about it,” Mr Nami said.

The FIRS boss also used the opportunity to task Nigerians to see themselves as the drivers of the country’s development through their patriotic conducts, such as paying of taxes.


Johannes Oluwatobi WojuolaNSpecial Assistant to the Executive Chairman, FIRS (Media & Communication) quoted Mr Nami as saying “I am a firm believer that each of us has a role to play in building the Nigeria of our dreams. But we can only achieve this when we are patriotic and carry out civil obligations expected from us, such as respect for law and order, paying our taxes, and loyalty to our country.”

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Entrepreneurship, Industrial Hubs hold key to Nigeria’s economic transformation ― FIRS



Tags: Federal Inland Revenue Service (FIRS)Muhammad Nami
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