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FG generated ₦193.59bn from solid minerals in 2021 – NEITI



The Federal Government generated ₦193.59 billion from the solid minerals sector in 2021.


The sector also contributed ₦814.59 billion between 2007 and 2021, with the 2021 earnings, the highest.


The Nigeria Extractive Industries Transparency Initiative (NEITI) made this known on Monday in Abuja while unveiling its 2021 Solid Minerals Industry Report, tagged: “Impact built on blocking leakages to grow revenue’’.


The News Agency of Nigeria (NAN) reports that the Secretary to the Government of the Federation (SGF), Sen. George Akume, unveiled the report.


Akume was represented by Dr Maurice Mbaeri, Permanent Secretary, General Services Office, SGF.


The report, the 12th in the series, covers actual payments by 1,214 companies operating in the sector and receipts from three key government agencies.


It covers the quantities of minerals produced, utilised and exported from the sector, reconciled the physical/financial transactions and undertook special verification on some processes.


Presenting the report, Dr Orji Ogbonnaya Orji, Executive Secretary, NEITI, said the figure showed an increase of ₦60.32 billion or 51.89% growth, when compared to the 2020 revenue flows of ₦116.82 billion.


This positive trend, he said, reflected a continuation of the upward positive trajectory observed in the sector over the past five years.


“This contribution, though a significant increase over past years, is still abysmal considering the potentials of the sector to the Nigerian economy,” he said.


Orji said the 2021 Solid Minerals report reviewed, ascertained, reconciled and reported all revenues and investment flows to and from government in the solid minerals sector.


He said the NEITI report also covered balances payable/receivable from financial inflows, tracked the funds and utilisation meant for the development of solid minerals in Nigeria.


According to Orji, the funds include Natural Resources Development Fund; Solid Minerals Development Fund; Ministry of Mines and Steel Development’s MinDiver Programme and Solid Minerals Development Funds under the Small and Medium Industries Equity Investment Scheme operated through the Bank of Industry.


A breakdown of the revenues showed that the Federal Inland Revenue Service collected ₦169.52 billion; Mining Cadastre Office generated ₦4.3 billion while the Mining Inspectorate Department generated ₦3.62 billion.


He said the revenue to the federation account from the sector in the past 15 years, which was ₦818.04 billion was significantly low compared to the economic potential of the sector.


On Production, Orji said the report disclosed that the total volume of solid minerals used or sold in 2021 was 76.28 million tons with a royalty payment of ₦3.57 billion.


“The minerals with the largest production volume in the year under review are Granite, Limestone, Laterite, Clay and Sand.


“Dangote Plc accounted for the highest production with a total production of 28.8 million tons. Bua and Lafarge accounted for 8.4 and 4.3 million tons while Zeberced accounted for 3.3 million tons respectively.


“Ogun state recorded the highest production in the year under review, with a total of 17.5 million tons followed by Kogi state with 16.3 million tons and Edo with 8 million tons.


“The least production volume was recorded in Borno State with 25,500 tons,” he said.


The NEITI boss said a total of 2,045 licenses were issued with exploration licenses accounting for 840 (increase of 62.79 per cent), Small Scale Mining Lease, 771, Quarry Lease, 255, Reconnaissance Permit. 139 and Mining leases 40.


On Export, he said the total minerals exported in 2021 was 142.54 million tons with a Free on Board value of US$ 101.29 million, an increase of 138.57 per cent from the US$ 42.46 million reported in 2020 report.


He said China was identified as the principal destination of Nigeria’s mineral exports, accounting for 97% and 88% of the export volume and value while other destinations for Nigeria’s minerals included Malaysia, Korea, Thailand and the United Arab Emirates.


On solid minerals contribution to the economy, he said the report revealed that the sector contributed 0.63% to Gross Domestic Product (GDP), while there was improvement compared to previous years where it contributed 0.45 per cent in 2020 and 0.26 per cent in 2019.


According to him, the sector has not yet reached its full potential in making a significant impact on the overall Nigerian economy.


He identified a total of ₦1.06 billion as outstanding company liability to government within the period under review as a result of failure of some companies to pay their annual service fees for the respective mineral titles.


Annual service fee is a statutory payment by mineral title holders for each cadastral unit on mineral titles.

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Nigerian Navy arrests Motor Tanker VINNALARIS 1 Lagos for crude oil theft



The Nigerian Navy Forward Operating Base, IGBOKODA in Ondo State, has arrested 77-meter-long Motor Tanker (MT) VINNALARIS 1 LAGOS in the early hours of Thursday 7 December 2023 at about 3.00am.


A Statement by the Nigerian Navy spokeperson Commodore Ayo Vaughn said the vessel had 17 crew members onboard at the time of arrest and was caught engaging in illegal siphoning of crude oil from one of the well heads at EBESAN oil field about 7 nautical miles off the coast of Awoye riverine community in Ilaje Local Government Area of Ondo State.


He said the apprehension of the vessel was based on credible intelligence received by the Base on the illegal activities of crude oil thieves at the location which informed the swift deployment of FOB IGBOKODA personnel to enforce the arrest of the vessel and her crew.


The vessel, MT VINNALARIS 1 LAGOS, has a storage capacity of about 15,000 metric tonnes and as at the time of arrest had loaded about 500 Metric tonnes of crude oil.


The statement further added, “it is believed that Tantita Security Service TSS is involved in the illegalities because Awoye riverine area which is close to the place of arrest is covered by TSS.” Vaughan noted that it was upon the arrest of the vessel by the Nigerian Navy that TSS began to raise false alarm, which the Navy described as totally unfounded and mischievous.

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The National Judicial Commision has recommended the appointment of 11 Supreme Court Justices, one Justice of Court of Appeal, 6 Heads of Courts and 26 other Judicial Officers.


This was the consencus at the Councils 104 Meeting after considering the list of candidates presented by its Interview Committee



According to a statement signed by the Director Of Information, Soji Oye, the council after much deliberations, recommended Justice Hannatu Sankey, Justice Chidiebere Uwa, Justice Chioma Nwosu-Iheme, Justice Haruna Tsammani and

Justice Aseimo Adumein as Supreme court Justices.


Others are Justice Obande Ogbuinya, Justice Stephen Adah, Justice Habeeb Abiru, Justice Jamilu Tukur, Justice Abubakar Umar, and Justice Mohammed Idris.


The NJC also recommended Justice Mohammed Ramat as a Justice of the Court of Appeal.


Some heads of court nominated are Justice Joel Agya, as the Chief Judge Taraba State,

Justice Umar Abubakar, Chief Judge of Taraba State amongst others.


The Council has said that all recommended candidates to the Supreme Court Bench would be sworn-in after the approval of their recommendation by President Bola Tinubu and the subsequent confirmation of their appointment by the Senate.


NJC has also noted that the various Heads of Court recommended would also be sworn-in upon the approval of their appointment by their various State Governors and subsequent confirmation of same by their respective State Houses of Assembly.

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EFCC denies comments on 70 percent Nigerian Youths involvement in internet fraud



EFCC denies comments on 70 percent Nigerian Youths involvement in internet fraud

The Economic and Financial Crimes Commission, EFCC has denied comments by it’s Executive Chairman, Ola Olukoyede which labelled seventy percent of Nigerian Students as internet fraudsters.




While stating this in a Statement by the Head, Media and Publicity Dele Oyewale, the Commission says it is a misrepresentation of the concerns of the Chairman of the EFCC to the rising incidences of internet- related crimes involving Youths across the Country.




It explains that its Chairman had called for wider media enlightenment of youths as a counter- measure against the menace of internet fraud at a meeting with Representatives of the Civil Society Organizations, CSOs that paid him a visit in Abuja.




Olukoyede says that reports and intelligence available to him indicated that, unless the trajectory of youth involvement in internet fraud is addressed and reversed, the future of their leadership of Nigeria may be threatened and if it continues in the next ten years, seven out ten of the youths may be getting involved in cybercrimes.



The EFCC says that at no time did its Chairman mentioned that “seven out of ten” Nigerian students are criminals” as widely reported.




The Commission assures the public that its Chairman is doubly committed to the progress of Nigerian Youths and underscores his calls for collaborative interventions in offering them more productive and sustainable alternatives.



The Statement added that the concerns of the EFCC Chairman bothers on breaking the jinx of mass indulgence of youths in cybercrimes.

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