NEITI: Nigeria Made N52.8bn From Solid Minerals In 2017
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday said that Nigeria’s solid minerals sector contributed the total sum of N52.75 billion to the federation’s revenue in 2017 fiscal year.
It said the revenue represented a 21 per...
Mineral Producing States Want 13% Derivation Payment
State governments are demanding the payment of 13 per cent derivation from revenue accruing from solid minerals mined in their territories.
Deputy Governor of Nasarawa State, Abdullahi Sule, said the money should be paid to the states in an...
FG To Develop New Framework For Solid Minerals, Steel Production
The Minister of State, for Mines, Steel and Development, Dr. Uche Ogah, has expressed the desire of the federal government to develop new sectorial framework for the mining of solid minerals and improvement in steel...
Expert Says,"Nigeria Can Earn $60bn Annually From Solid Minerals"
A consultant geologist, Chief Oyewola Oworu, has said that the solid minerals industry is capable of generating annual revenue of $60bn for Nigeria if well harnessed.
Oworu stated this in Lagos on Wednesday on the sidelines of...
Solid Minerals Contributed N3.5bn To Federation Account In 2017
The solid minerals sector contributed N3.5bn to the Federation Account between January and November 2017, the Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said.
Fayemi said this while giving an account of the sector...
NEITI: Nigeria Earned Zero Revenue From Solid Minerals In Q3 2017
Nigeria earned no revenue into her Federation Account from its solid minerals sector in the first nine months of 2017, a quarterly review of revenues that went into the account by the Nigeria Extractive...
