Mining May Be COVID-19 Shock Absorber Nigeria's Economy Needs
The Nigerian government has reiterated its determination to commit more resources and efforts to optimise earnings and employment opportunities in the mining sector. This comes in the wake of falling oil prices caused largely by the COVID-19 pandemic globally. The World Bank has also urged Nigeria to develop its mining sector and not wait for an oil price recovery.
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Nigeria:
World Bank Urges Nigeria to Develop Mining Sector
This Day, 2 June 2020
The World Bank has advised Nigeria to develop its mining sector to help mitigate post-COVID-19 economic shocks, rather than wait for a rebound of oil prices in the global market. Read more »
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Nigeria:
EITI Counsels Nigeria, Others On Extractive Sector Revenue
This Day, 2 June 2020
The Extractive Industries Transparency Initiative (EITI) has offered countries such as Nigeria which are rich in mineral resources an advisory on how to protect their extractive… Read more »
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Nigeria:
Post COVID-19 - World Bank, PwC, Others Task Govt on Galvanizing Mining Sector to Cushion Economic Shocks
Vanguard, 1 June 2020
The World Bank, Price Waterhouse Cooper, PwC, and Nigerian Institute of Mining and Geosciences, NIMG, Monday, tasked the Federal Government on galvanizing the mining sector to… Read more »
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Nigeria:
LCCI Expresses Worry Over Neglect of Solid Mineral Sector
Vanguard, 26 May 2020
The Federal Government has been urged to stop, forthwith, the continuous neglect of the solid mineral sector of Nigeria's economy as it portends grave danger to the country's solid… Read more »
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Nigeria:
Despite Scant Attention, Govt Earned U.S.$1 Billion From Solid Minerals in 12 Years
Premium Times, 4 May 2020
The Nigerian government earned ₦416.32 billion from the solid minerals sector from 2007 to 2018, an analysis by the Premium Times Centre for Investigative Journalism [PTCIJ] and… Read more »
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InFocus
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Since the spread of the novel coronavirus worldwide, there has been a sharp drop in oil prices globally and as a result, Africa's biggest oil exporter has seen a sharp drop in it Read more »
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The International Monetary Fund has predicted that the global economy will contract by 3% in 2020, making the "great lockdown the worst recession since the Great Depression, and ... Read more »
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The slump in the U.S. crude oil price to below $0 per barrel for the first time ever, is not a reflection of the reality in the global oil market capable of impacting Nigeria's oil ... Read more »
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Nigeria has been relying solely on crude oil as its major source of revenue. Now the government has said unfolding events of the past few months, the coronavirus pandemic and the Read more »
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