The Federal Government generated N193.59 billion from the solid minerals sector in 2021.
The sector also contributed N814.59 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 N60.32 billion or 51.89 per cent growth, when compared to the 2020 revenue flows of N116.82 billion.
