Nigeria Lost $9bn To Illegal Mining In 2 Years

Nigeria Lost $9bn To Illegal Mining In 2 Years

Like This Video 0 495188 rauf shola
Added by November 24, 2017

The Federal Government has revealed that Nigeria lost $9bn to illegal mining in 2014 and 2015.

Minister of Mines and Steel Development, Kayode Fayemi, who addressed journalists after Wednesday’s Federal Executive Committee meeting, said the ministry got the figure from a report by the Nigerian Extractive Industry Transparency Initiative.

He said the loss is from illegally exported items like gold, lead, zinc, tin and coal.

The minister also said the council approved N987m for the procurement of 50 Hilux vehicles to help the special mines task-force track and curb illegal mining activities in the country.

Fayemi added that each vehicle would be purchased for N19.3 million.

“If we can stop the spate of illegal activities, not just by Nigerians but by Nigerians in collaboration with some foreigners, we will significantly improve the revenue that comes from that sector, increase the contributions to GDP, increase the royalty to government and also provide more jobs for our people,” he said

Similar Videos

Oshoala Partners LASG On Drug Abuse Campaign

0 479632 0

Super Falcons football star, Asisat Oshoala who also plays for Dalian Quanjian F.C. in the Chinese Women’s Super League, has identified with the Lagos State Government in its campaign against drug abuse. The Commissioner for Youth and Social Development, Agboola

NUC Grants Maritime University Approval

0 454262 0

The National Universities Commission (NUC) has granted approval to the Maritime University, Delta, to begin undergraduate degree programmes from the 2017/2018 academic session. The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, gave the indication

N13bn Whistle-blower ‘ll Be Paid This Month – Minister

0 730324 0

The whistle-blower who gave the EFCC the tip-off which led to the recovery of N13bn from an Ikoyi apartment in Lagos would be paid this month, the minister of finance said on Sunday. The Whistle-blower policy was introduced in December

No Comments

No Comments Yet!

No Comments Yet!

But You can be first one to write one

Write a Comment

Your data will be safe!

Your e-mail address will not be published. Also other data will not be shared with third person.
Required fields are marked*