Nigeria: NEITI - Govt's Earning From Mining Rose to N79.96 Billion in 2019

21 June 2021

Abuja — Nigeria earned N79.96 billion from the solid minerals sector in 2019, representing a 15 per cent increase when compared to the N69.47 billion recorded the previous year, a new report released yesterday by the Nigeria Extractive Industries Transparency Initiative (NEITI) has shown.

The data contained in the 2019 audit report of the solid minerals sector released by the organisation in Abuja stated that the 2019 earnings accounted for 16 per cent of the total revenues of N496.28 billion that have accrued to the federation from the sector over the period of 13 years (2007 to 2019).

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