Nigeria: NEITI Report - Gold, Barites Mined Without Royalty Paid to Government

30 June 2014

A new audit report of operations in Nigeria's solid minerals sector which was undertaken by the Nigeria Extractive Industries Transparency Initiative (NEITI) for the year 2011 has disclosed that gold and barites are mined across the country and exported without records of royalty payments to the federal government.

The report, which succinctly indicted various agencies of government involved in the management of activities within the country's solid minerals sector of poor synergy in their related responsibilities, also noted that aggregated revenues received by the government in 2011 was significantly higher than what it got in previous years.

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