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FG Approves 13% Derivation Revenue for Solid Mineral States

FG Approves 13% Derivation Revenue for Solid Mineral States; The Federal Government has given approval for the implementation of the constitutionally guaranteed 13 per cent derivation from mineral revenues to deserving states. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, announced this yesterday at a two-day workshop on ...

Despite scant attention, Nigeria earned N416.32 billion ...

Despite scant attention, Nigeria earned N416.32 billion from solid minerals in 12 years May 4, 2020 Babatunde Akintunde Solid Minerals used to illustrate the story.

Solid minerals in Nigeria: An overview (1) | The Guardian ...

Solid minerals in Nigeria: An overview (1) ... A state by state account of the solid mineral deposit in Nigeria as well as their uses is the focus of the column for the week. ... FG, GenCos may ...

MINING: FG repositioning SMDF for improved funding, says ...

May 02, 2019· Malami. Says President Buhari's re-election is endorsement of govt's laudable policies; The re-election of President Muhammadu Buhari is an impetus that has opened the gateways to the realisation of the long-standing aspiration of the country to revive the Nigerian mining sector, such that it becomes a reliable source of revenue generation, the Chairman, Board of the Solid Minerals ...

Heritage Bank-Dukia Gold to boost Nigeria's 200mn ounces ...

The Federal Government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to grow its potential reserves of 200 million ounces of gold.

Stakeholders canvass for stronger regulation of solid ...

Jun 23, 2020· Stakeholders in the mining sector, including the Federation of Nigerian Mining Host Communities, Miners Association of Nigeria and the Civil Society Coalition on Nigeria's Mining Sector, are canvassing for stronger regulation of the solid mineral sector. Their request is pegged on the stockpile of problems the sector has suffered due to the operations of illegal […]

Cross River Govt. to partner FG to boost solid mineral sector

Cross River Govt. to partner FG to boost solid mineral sector February 25, 2020 News 0 The Cross River Commissioner for Solid Minerals, Mr George O'Ben-Etchi, says the state will partner the Federal Government to boost the solid mineral sector in the country.

FG restates support for improved investment in solid minerals

FG restates support for improved investment in solid minerals ... explained that government was ready to leverage more support for development of investment in solid minerals as a source of ...

the mining and mineral regulatory body in nigeria

The Mining And Mineral Regulatory Body In Nigeria. Reps to FG Make gold mining source of revenue for Nigeria. Nov 12 2019 · He called for the setting up of a supervisory and regulatory body in charge of mineral exploration operations in the nation that mining in Nigeria accounts for a mere 03 of Nigeria's .

Encourage local technology of artisanal refineries ...

May 26, 2020· Port Harcourt — The Federal Government should encourage the local technology of artisanal refineries and refiners in the Niger Delta, by modernising their operations for adoption as a national policy, an environmental justice activist has advocated The environmentalist said this in …

FG Should Review Solid Minerals Export Policies – Alatise

Obviously, the diversification drive of the FG is geared towards agriculture and solid minerals, and the recent upsurge in illegal mining activities is a threat to the N20 bil­lion GDP target set ...

FG inaugurates Solid Minerals Development Fund board ...

May 26, 2017· Everest Amaefule, Abuja. The Federal Government on Thursday inaugurated the Board of the Solid Minerals Development Fund, signifying the take-off of the fund for which President Muhammadu Buhari ...

Ogoni clean-up: ERA wants FG to overhaul HYPREP for ...

Jun 18, 2020· Mkpoikana Udoma Port Harcourt — The Environmental Rights Action/Friends of the Earth has called on the Federal Government to urgently restructure and overhaul the Hydrocarbon Pollution Remediation Project, HYPREP, for effective implementation of UNEP Report in Ogoniland. Program Manager of ERA, Mike Karikpo, said this during the launch of an evaluation of the implementation of […]

Heritage Bank-Dukia Gold to boost Nigeria's gold reserves – FG

Jun 10, 2020· The Federal Government of Nigeria has commended Heritage Bank for being part of a valuable private sector collaboration with Dukia Gold & Precious Metals Refining Co. Ltd, saying such partnership stands to create new opportunities for Nigeria to …

FG earned N52 billion from solid minerals in one year ...

Oct 28, 2019· Business News FG earned N52 billion from solid minerals in one year – NEITI The solid minerals sector contributed N52.75 billion to federation revenue in 2017, a 21% increase on the N43.22 billion contributed by the sector in 2016.

Ministry of Mines and Steel Development – On the Road to ...

Minister of Mines and Steel Development of Nigeria, Arc. Olamilekan Adegbite flanked from left by the CEO, Chairman of Management Board of Russian State Geological Holding (ROSGEO), Mr. Sergey Gorkov and the President and Chairman of Afrexim Bank, Benedict Okey Oramah represented by Gerald Chilhota the signing of MoU for Scientific and Technical Cooperation in the field of Geosciences, in ...

Support SMEs involvement in mining, NECA urges FG – Punch ...

May 15, 2020· Awoyinfa Lack of government support funding for the Small and Medium Scale Enterprises for the exploitation of solid minerals deposits is …

Criminalize energy theft, PHED begs FG - SweetCrudeReports

Mkpoikana Udoma. Port Harcourt — The Port Harcourt Electricity Distribution Company, PHED, has charged the National Assembly to make a legislation criminalizing energy theft and vandlisation of electrical facilities in the country. PHED explained that energy theft should not only be the concerns of distribution companies, but the concerns of all Nigerians, as it remains the only way services ...

FG targets solid minerals to boost economy - Businessday NG

FG targets solid minerals to boost economy. FG targets solid minerals to boost economy. by NAN On Mar 1, 2019. Solid Mineral revenue appreciated by 21% with N52 Billion earned in 2017-NE‎ITI. ... "The misfortune of the solid minerals sector started with the Indigenisation Decree of 1972, ...

FG ignores agitators, issues appointment letter to new TCN ...

OpeOluwani Akintayo Lagos — Despite protests against newly appointed managing director of the Transmission Company of Nigeria, TCN, Engr. Sule Ahmed Abdulaziz, the Secretary to the Government of the Federation, SGF, Boss Mustapha, has issued letters of appointments to him and four others. The General Manager, Public Affairs at TCN, Ndidi Mbah, in a statement […]

Developing the solid minerals sector Quick wins for the ...

to the FG • Applying the derivation formula used in the oil and gas industry in sharing the tax and royalty revenues accruing from the development of the solid minerals sector. Establishment of a solid mineral development bank The development of the solid minerals sector is …

Develop national framework to curb illegal mining, Senate ...

Oct 02, 2019· He noted that the objective of the National Policy on Solid Minerals was to ensure the orderly development of mineral resources for the country. READ ALSO: FG …

Oil Crisis: FAAC Disbursement Down by N174.73bn As FG ...

As the economy continues to wobble from the effect of the COVID 19 pandemic, the Federation Accounts Allocation Committee, FAAC disbursement

FG banks on solid mineral sector to diversify economy –Mu ...

The Permanent Secretary, Ministry of Mines and Steel Abdulkadir Mu'azu, has said the Federal Government was banking on the solid mineral sector to diversify the country's economy.

FG to establish port for solid mineral shipment – Punch ...

Apr 25, 2019· FG to establish port for solid mineral shipment. ... He said the bank was considering moving solid minerals like coal, iron Ore, lime stone and the rest through the port. ... The Federal ...

Solid Minerals: Downstream needs sustainable regulation ...

Mar 23, 2020· Solid minerals. ABUJA- THE Federal Government, Monday, said the nation's solid minerals downstream sector needs sustainable regulation for productivity in …

FG to ban exportation of unprocessed solid mineral ...

Apr 04, 2017· Home » News » FG to ban exportation of unprocessed solid mineral FG to ban exportation of unprocessed solid mineral On April 4, 2017 10:11 pm In News by vanguard

Heritage Bank-Dukia Gold will boost N200m ounce of gold ...

Jun 10, 2020· Heritage Bank-Dukia Gold will boost N200m ounce of gold reserves – FG. June 10, 2020. in Business. 0. ... and across the solid minerals value chain.

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