Nigeria Extractive Industries Transparency Initiative (NEITI) has said a sum of N39.648 trillion accrued to the Federal Government in the last five years from all sectors.
The solid minerals sector, according to watchdog organization, contributed N308.43 billion, representing 0.78 per cent.
This was made known in the watchdog organisation’s Solid Minerals Industry Audit Report 2019, which The Nation obtained yesterday.
In its beak down, the total accruing revenue in 2015 was N6.959 trillion. In 2016 it was N5.679 trillion, in 2017, it was N7.350 trillion, in 2018 it was N9.444 trillion, and in 2019, it was N10.215 trillion.
The percentage contribution 0.99 per cent; 0.74 per cent; 0.72; 0.74 per cent; 0.73 per cent; and 0.78 per cent, according NEITI.
In terms of export, “the report noted the solid minerals sector accounted for N124 billion of the total national exports of N24.275 trillion in 2019, representing 0.51 per cent of total for the year”.
The NEITI said “the solid minerals sector accounted for N124 billion of the total National exports of N24.275 trillion in 2019, representing 0.51 per cent of total export for the year.”
NEITI added that the solid minerals sector accounted for 18,545 employees with 294 reportedly employed in 2019; however, this information is limited to the 74 companies covered in the report.
The report said the Ministry of Mines and Steel Development, through Mines Environmental Compliance Department (MECD), has in the past 18 years reclaimed 33 abandoned mine sites in Nigeria costing N2.394 billion.
Besides, NEITI noted that in 2019, six mining sites were reclaimed in Plateau and Ebonyi
