Senate initiates a 3-day hearing on Nigeria's mining industry's role in economic diversification, foreign exchange, and social inclusion.
Senate initiates a three-day investigative hearing on Nigeria's mining industry, focusing on its role in economic diversification, foreign exchange earnings, and social inclusion. The hearing is prompted by a motion moved by Sen. Osita Ngwu, and aims to examine dwindling revenue from solid minerals development and review BPE privatisation or commercialization programs from 1999-2023. Senate President, Godswill Akpabio, highlights that foreign miners are currently earning more from Nigeria's solid minerals than their Nigerian counterparts.
May 07, 2024
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