₦airaland Forum

Rawani:
President Buhari's proposed mining reforms will eliminate all of that, i'm confident.

I hope so. The northern region would get a new look when it starts running

Rawani:
The authorities are guarding the Chinese criminals.

Its really bad.

This is just bad. I hate Chinese and Japanese people with passion. I understand life it's a battle of survival, but those guys can bleed you dry and take your bones without blinking.

RockMaxi:
I think we should help your comprehension by stating that the Salaries and Wages commission discovered this anomaly. What do you then expect them to do? Leave it because it is yet to be in billions?

But he ordered for a refund after discovering the findings? The system should be mature enough to deal with such a low profile case without having to involve the president.
Now, read that slowly and thank me later.

Rawani:
Lol, why would you think that?

Imagine how much southerners taunt you guys as leeches and whatnot, don't you think it will be a good idea to have one up the rude southerners? Lol.

Op edit the stupid article. Nigeria doesn't have hundreds of trillions of dollars worth of natural resources . That will make us the richest and the largest economy in the world . The whole of Africa doesn't even have that much in resources, esp when you factor inflation.

That's a lot of money. That will increase the Gdp by more than 80%. I can see the northerners dumping Nigeria the moment they start tapping those resources.

LAGOS— Federal, states and local governments are losing about N50 trillion annually from untapped resources that abound in the nation’s soil. Nigeria is estimated to be losing about N8 trillion annually from untapped gold. The estimates are monies that should have accrued to the federation account from royalties, taxes, charges and other fees from companies and individuals operating in the solid mineral sector if the Federal Government had paid enough attention to the development of solid minerals in the country.
Naira noteGoing by this, Nigeria should not have had any financial crisis any time crude oil prices face southward. In fact, states in the country would have been well off financially and would not have been talking about bail out.
However, the Mining and Mineral Act of 2007 which puts the exploration and exploitation of mineral resources in the exclusive list has hindered state from developing mineral deposit in their jurisdiction. Nigerians put the blame at the feet of federal politicians that have paid lip service to fiscal federalism.
The Nigeria Extractive Industries Transparency Initiative, NEITI, audit report of 2012 suggests that there are about 40 different kinds of solid minerals and precious metals buried in Nigeria soil waiting to be exploited. The commercial value of Nigeria’s solid minerals has been estimated to run into hundreds of trillions of dollars, with 70 per cent of these buried in the bowel of Northern Nigeria.
Nigeria loses N8trn annually
President of Miners’ Empowerment Association of Nigeria, Mr. Sunny Ekosin, told Vanguard that Nigeria loses a whopping N8 trillion annually in unexploited gold alone. He also says that Ajaokuta remains the key to Nigeria’s industrialisation and that getting it back to work is a matter of patriotism for President Buhari and his team.
Ekosin, in an interview with Vanguard said: “If Nigerians were taking data seriously, assuming we build a database where we have authentic information, in 2012 the Permanent Secretary of the Ministry of Mines and Steel came before the nation and said from precious metals alone, specifically from gold exploitation alone, Nigeria is losing N8 trillion ($50 billion) annually.
According to NEITI/CBN report, “total revenue from the solid minerals sector amounted to N31.449 billion in 2012. The revenue stream from the solid minerals sector is composed of 84.18 per cent of taxes received by FIRS. Mining taxes received by MID and MCO represent 3.48 per cent and 2.24 per cent respectively.
“According to the data collected from extractive companies and government entities, after reconciliation work, revenues generated from the solid minerals sector amounted to N31.449 billion. “Government revenues from the solid minerals sector increased from N26.925 billion in 2011 to N31.449 billion in 2012.
Large sector mining was higher in 2012 due to an increase of granite and limestone production respectively to 12 million tons and 18 million tons compared to eight million tons and 15 million tons in 2011. This was a result of the increase of the consumption of granite and production of cement in Nigeria during 2012.
Solid minerals accounted for 0.02% export earnings
“The solid minerals sector accounted for an average of 0.02 per cent of total export earnings for the year 2012. Zinc and lead ores account for more than 48 per cent of the solid minerals sector exports. All companies operating under a mining or quarrying license and which make payments to MID in excess of N2 million ($12,500) were required to report their payments in accordance with EITI Requirements.
“Despite the fact that gold and barites were being mined across the nation, there is no record to show that these minerals are among the mined or exported minerals. Further finding shows that barites are mined in Benue and Nasarawa states, they are also purchased by multinational oil companies as drill fluids, despite high activities of miners there are no record of royalty payments.
No evidence of royalties payment
“From the available records of the Ministry of Mines and Steel Development, there were no evidence of royalty payment on these exported minerals. The Nigeria Minerals and Mining Act 2007 requires that any exporter of solid minerals must request for permit to export minerals. But in defiance to the act, there was no available evidence of request for permit or approval to export minerals by the companies.
“The informal players are mostly artisan miners, medium scale operators and illegal miners who hardly keep any record. Some of the minerals mined in Nigeria are exported out of the country by formal and informal players.
There are no official records from Ministry of Mines and Steel Development on the actual volume of minerals exported out of Nigeria within the period under review. However, the few records available relates to transactions that were done by the formal players as they passed through the Central Bank of Nigeria, Nigeria Customs Service and Nigeria Export Promotion Council.”
Geological survey of mineral deposits
According to the geological survey of mineral deposits in Nigeria, “the schist belt that covers the western half of Nigeria has proven reserves of gold. Although gold production in this region dates from 1913, colonial mining companies abandoned their activities following the onset of the Second World War.
“The gold mines have since remained dormant, aside from an abortive attempt at extraction by the Nigerian Mining Corporation in the 1980s, which floundered due to a lack of funds. Artisan miners now account for most gold extraction, but primary deposits that could support mechanised mining have been identified in the North West and South-West parts of Nigeria.
“These deposits are of a relatively high grade, and it is estimated that extraction costs could be as low as $50 per ounce, due to the shallow depth at which they are found. An estimated 10 million tonnes of lead and zinc veins straddle eight of Nigeria’s states, with the 700’000 tonnes in Abakiliki in Ebonyi State representing the most favourable prospect.
Non-metallic minerals category,
“In the non-metallic minerals category, riches also abound: the building industry is supplied by crushed rock, gravel and sand; glass-making grade sand has been established in many parts of the country; and Niger, Osun, Kogi, Ogun and Kaduna states collectively boast up to 100 million tonnes of talc, a mere fraction of which is used in several medium-sized talc processing plants.”
Gemstone mining is one area that has seen something of a boom, though again the level of exploitation is running well below potential. Gemstones present include sapphire, ruby, aquamarine, emerald, tourmaline, topaz, garnet, amethyst, zircon, and fluorspar. Bentonite and barite – both of which are constituents in the mud used when drilling oil wells – are also in abundance, with 7.5 million tonnes of barite in Taraba and Bauchi states and 700 million tonnes of bentonite across the country.
Reserves of bitumen represent another under utilised resource, with estimated reserves of 42 billion tonnes or twice the country’s existing reserves of crude oil. Paradoxically, most bitumen used in road construction in Nigeria is currently imported. Coal and tin were among the natural resources mined on a massive scale, with the former being used to generate electricity, power the railway network and meet the demands of regional and international markets.
Lead and zinc were a significant source of export revenue, and Nigeria was the world’s largest exporter of columbite. Stagnation in the solid minerals sector cannot simply be attributed to the meteoric rise of oil: poor management by state-owned enterprises – compounded by corruption and an incoherent exploitation of resources – has also played its part.
http://www.vanguardngr.com/2015/06/nigeria-loses-n50trn-annually-from-untapped-natural-resources/

This kind of crusade is a red herring to give the impression of agressive anti corruption operation. Why not go after the big fish who are earning billions? This kind of money is not worth his time and is better left for efcc.

perry2020:
Are u effing kidding me,this is the advice u give a 16 year old girl??
400billionman czarr cowgirl9090 XavierBlue fuckshit
Xiadnat icedbeatz sinaj cowleg Cyriloha spyroet nawaooo

Fam, you live in Croydon?

If you don't want to get married, I will say go for it. Unmarried wealthy women can be very powerful. Live your life

alexistaiwo:
please is it possible for a girl from Awo, orlu side in IMO state to get married to a Yoruba guy. need ur advice before I give all my heart to this girl

Yes yes yes yes of course.

Rebounds

*vomit coffee on my laptop*. I am squinting my eyes from the cringing post

Eww. Some people are wicked

chccho:
Like u read my mind..tanx dear

No worries. I am sorry but you are not her priority, the other guy is/was. She deserves everything coming at her.

chccho:
Hmmn,yielding to her request is totally out if it,after what she put me thru!!!!

Put you through you say?
Run... She is most likely contacting you for emotional rebounds. I wouldn't be surprised if she had just broken up with another guy.
2. She is either lonely.
3. She might be trying to check up on you to make sure you haven't moved on. Some people hate to see their ex happy.

The point is you need to run because some girls can be very manipulating.

The governor should give them a radiation poison to inflict long term damage on them.

Advantage- Takes years to kill suspect.. helps avoid suspicion.
2. ; Causes maximum pain in both external and internal.

Watch them die a painful and horrible death. Scumbags who are not better than dogs

I don't share the sentiment of this chief. SW people voted for buhari because they were fed up with Jonathan's poor administration. There needs to be a reform where the best candidates would be able to campaign, rather than being left with two-not great choices.
Osun is a perfect example with omisore and Aregbesola
The people of the SW was left with no choice but to vote for the lesser of two evils(leadership speaking).

temitopeadeyemo:
There is no part of this country that is a pest. The Northerners, especially feed us in this country. Most of our staple come from there except for a few things down southwest. The southeasterners are highly productive too in trading. All of these add up to form a great and formidable country. What we need is the right leadership who can harness these resources for the prosperity of all. Nigeria is a great country but can be greater if we all come together and work towards a society where equity and justice reign.

Forget about feeding. Is the food for free? At least we know the oil revenue is free to the northerners and every other regions in Nigeria.
Britain gets substantial amount of her food from international countries, so don't make it seem like it's a big deal.

The more I know the northerners the more frustrated i get about what could've been the most amazing tribe. On one hand you guys can be really nice and simple, while on the other hand your religious violence couple with the entitentitlement attitudes tends to rear it's head ugly.

Hindsight is a wonderful thing, but I wonder if our forefathers would've agreed to form a nation if they could forseeforsee what is now happening.

anitabeauty:
Did he lie? I think he made a valid point

you don't even deserve a reply for your sweeping statement

The op is a big fool

amingafar:
^^^^ Yes sorry I missed your point.

I dont agree with all because sharia in the north is for Everyone regardless of your religion.
Killings in the north Only happen when someone goes against islam.

I personally wont go around killing people if they disrespect islam, but i also wont stop fellow muslims from killing the violators.

wow.

ademusiwa3:
You can see how selfish Nigeria are. They claim we have 2 military. But what flag is on it.

Basically it is about selfishness.
Which country military will agree to it. Nobody.

Treat others the way you want them to treat you.

Western Nigeria is not scare of war against Nigeria.

Nation go to war everywhere.

Those who make peaceful change difficult make violent change the only option.

We would never allow anybody or any group cheat us. Even if it means war.

And any group who does not want peace for his people will cross the part of the country of western Nigeria.
The country of the kingdom of western Nigeria. We are not scare of war.

When people talk about politician I just laugh , who is a governor that the military can't kill. Any governor who make noise already knows his fate. You can go and ask them. It is not a secret , what will happen to them , or anyone who refuse change.

If you know the military. Who is a yeye governor talking when the military is talking .

Can you clarify which western Nigeria you are talking about. SW or SE

Freemanan:
You should mind your language Mate... Many have fallen for far less carelessness....

I believe Religion is a sensitive issue and as such be given maximum support.

Are you threatening him? Just know that some people has the power to be as violent as you guys if they choose to. Religion is a sensitive issue and yet you guys don't have any respect for others religion.

Let's hope this people's plan don't succeed

sonofananimal:
WITH YOUR MOUSTACHES MOUTH, HAVE YOU GONE TO SOME NORTHERN STATE? ALMOST EVERY IN THE WORLD HAVE SOME RURAL AREA WHICH IS NOT WELL DEVELOP.


SO KEEP THAT IDEOLOGY TO YOURSELF,

SPIDER MONKEY

You guys are no better than rat. Admit it . I haven't been to the north and don't intend to go to that shitt-hole. Get off my mentions you rat.

freshdude99:
Nope! My colleague's daughter, back in 2013
Hows ur nyt ?

I haven't had a night just yet. Been trying to finish some work. How was yours?

Really sad. What are the northerners using their money for? They will never develop until they change heir approach and attitude to education.

MANY APPS FOR THAT.
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Another one
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magneto:
Absolutely. I bet ur nothing like her tho

Great bet. You must be a good gambler