Federal Govt Earns N6.5bn From Mining In Q1

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In the first quarter of 2021 the Federal Government of Nigeria earned a total of N6.5 billion from the mining sector. This was revealed by the Minister of Mines and Steel Development Olamilekan Adegbite during a press briefing. The earnings were generated from royalties fees and mining lease payments and are a significant increase from the N2.3 billion earned in the same period last year. The increase is attributed to the governments efforts to diversify the economy and promote the mining sector as a viable source of revenue. The government is committed to further developing the sector and increasing its contribution to the countrys GDP.

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  • 1) The Federal Government earned ₦6.5b from mining in first quarter, showing solid minerals’ growing role in Nigeria’s economy. What’s fueling this rise, and can it be sustained?
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  • 2) With the federal government’s significant first quarter earnings from mining, Do you think this is a move to shift the economy away from oil dependence?
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  • 3) Nigerians have praised the government for easing the country’s reliance on oil and are calling for this to be a chance to create jobs for the youth. But can the government be trusted to follow through?
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23 Apr

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23 Apr

22 Hours

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