İllegal Mining, Neıtı

İllegal Mining, Neıtı

Nigeria losing $3bn to illegal mining, says NEITI - Punch Newspapers

The most widely read newspaper in Nigeria

10/22/2021 7:17:00 PM

Nigeria losing $3bn to illegal mining , says NEITI - Punch Newspapers

The most widely read newspaper in Nigeria

22 October 2021The Director, Technical, Nigeria Extractive Industry Transparency Initiative, Dr Dieter Bassi, has said Nigeria is losing $2bn-$3bn to illegal mining.He said this during a town hall meeting on the dangers of foreign illegal mining in Nigeria on Raypower FM monitored by our correspondent.

According to Bassi, the activities of artisan miners are unregulated and reckless, not just harming the environment but also making the country lose revenue.He said, “The activities of artisan miners are unregulated, which means we cannot know how much they are taking out of the country in terms of quantity and quality.

“There is a high gap due to the indigenisation policy, with artisan miners filling this vacuum. They mine recklessly. In fact, they are just scratching the surface, and actual mineralisation is under. Because of the level of mining they are doing, it affects the environment. headtopics.com

“Only a few buy these minerals from artisan miners. The mineral buying centres are just centres, whereby they just pass up these minerals and are exported without proper documentation and royalty being paid on these minerals.” Read more: The Punch Newspapers »

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.AnthonyEhilebo .ose_anenih .DrTubo Man how can we invest in these mines

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