‘Nigeria loses more rev­enue to solid min­er­als theft than oil theft’

Daily Trust - - NEWS - By Zakariyya Adaramola

Bil­lions of naira are be­ing lost daily across the coun­try to solid min­er­als theft, far more than the to­tal amount of money drip­ping out of the coun­try’s cof­fers through crude oil theft, a mem­ber of Min­ers As­so­ci­a­tion of Nigeria (MAN) has said.

Speak­ing yes­ter­day at a one-day stake­hold­ers’ fo­rum on Gem­stones or­gan­ised by the Raw Ma­te­ri­als Re­search and De­vel­op­ment Coun­cil ( RMRDC) in Abuja, Zepha­niah Ndaja said il­le­gal lo­cal and for­eign min­ers are scoop­ing solid min­er­als in the coun­try be­cause the federal govern­ment has no mech­a­nism in place to pre­vent solid min­eral theft.

Ndaja, who is the Chair­man/ CEO of Zaray Gems and Min­er­als Nigeria Limited, told the par­tic­i­pants at the fo­rum that the govern­ment is lay­ing too much em­pha­sis on con­trol­ling and check­ing crude oil theft but has done noth­ing to stop solid min­er­als theft, which is more alarm­ing.

“In my opin­ion we lose more money to min­er­als theft than the so called oil theft,” he said, adding, “Govern­ment should there­fore give the same pri­or­ity to solid min­er­als sec­tor as that of oil.”

Newspapers in English

Newspapers from Nigeria

© PressReader. All rights reserved.