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BODIJA BLAST: Illegal mining undermining the economy, environment and now the safety of our communities

What is the significance or value of having abundant solid mineral resources if Nigeria continues to be ravaged by illegal mining activities, resulting in substantial economic revenue losses, environmental degradation, and the endangerment of lives and property security? In August 2023, four illegal miners were killed following the collapse of a mining site in Kogo Kadage village in the Yadagungume area of Ningi Local Government Area of Bauchi State. Less than 6 months following that...

PERSPECTIVE: Safeguarding communites in the energy transition

In a global attempt to phase out fossil fuel, can Nigeria leverage its mineral resources to become a leading advocate for renewable energy, while upholding good climate practice and peace amongst the host communities? On the back of the COP28 Agreement for the world to shift from fossil fuels to renewable energy, it has become necessary to spotlight the mineral resources available in Nigeria that could move the country comfortably from the shackles of fossils...

Reps promise strict oversight of customs to shore revenue

The house committee, happy with the recent amendment to the customs and excise law, promised to strictly monitor the revenue generation and remittances of the customs service Nigeria’s House of Representatives Committee on Customs and Excise said it will provide a strict oversight over the activities of the Nigeria Customs Service (NCS) to ensure enhanced revenue generation and remittances to public coffers. Rep. Leke Abejide (ADC, Kogi), Chairman of the Committee, made this declaration at the...

Reps tackle varsity commission for non-remittance of revenues

The varsity commission failed to convince the parliamentary committee that license fees and other revenues it generated were used for the purpose of visitation to private institutions The House of Representatives Committee on Finance has taken a swipe at the National Universities Commission (NUC) for under-reporting and failing to fully remit its Internally Generated Revenue (IGR) despite being fully funded by the federal government. The lawmakers also tackled the Commission over its failure to reflect...

INSIGHT: Oil, revenue and the MTEF benchmarks

Crude oil production is a vital aspect of the MTEF benchmarks upon which the government builds revenue prospects to fund service delivery.   Nigeria’s crude oil production is pivotal to its economy. With extensive reserves, which are concentrated primarily in the Niger Delta region, the country is one of the largest oil producers in Africa and a key player in the global energy market. Daily crude oil production in Nigeria has historically contributed significantly to...

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