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Below are the central takeaways from the post FG generated N193.59 billion from solid minerals in 2021: NEITI.
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The federal government generated N193.59 billion from the solid minerals sector in 2021.
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.
Mr 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.
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’’.
It covers the quantities of minerals produced, utilised and exported from the sector, reconciles the physical/financial transactions and undertakes special verification on some processes.
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