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Nairaland Forum / Nairaland / General / Politics / Nigeria Sees Exponential Mining Sector Growth Within Five Years -minister (199 Views)
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Nigeria Sees Exponential Mining Sector Growth Within Five Years -minister by Blue3k2: 5:08pm On Feb 07, 2020 |
By Wendell Roelf Source: https://mobile.reuters.com/article/amp/idUSL8N2A53IU |
Re: Nigeria Sees Exponential Mining Sector Growth Within Five Years -minister by Blue3k2: 5:32pm On Feb 07, 2020 |
Nigeria expects its mining sector to account for 3% of GDP over the next five years from just 0.3% These guys should moderate their expectations. That 10 increase is alot. By his projectin we should see massive growth in mining sector this year. Adegbite said the government would require mining companies to sign agreements with local communities, who remain unhappy with a perceived lack of development and benefits, before investing. Lol if you're so interested in their benefit dont waste the tax revenue generated from mining companies. If the government didnt monopolize ownership in minerals they could benefit more. The government owns all the lavd minerals rights so individuals arent entitled to royalties that would accrue. |
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