Tag: Extractive sector

  • 2,119 Mining Companies Owe N2.76bn Service Fees

    2,119 Mining Companies Owe N2.76bn Service Fees

    According to the Nigeria Extractive Industries Transparency Initiative, 2,119 companies operating in the country’s solid minerals industry were indebted to the federation to the tune of over N2.76billion. NEITI disclosed this in its latest report of the mining sector for the year 2020, noting that Nigeria earned N624.45bn from the industry in 13 years. The…