Olamilekan Adegbite is Nigeria’s Minister of Solid Minerals and Steel Development The Nigerian Government is losing huge revenue from the solid mineral sector in the country, due to the lack of standardized guideline procedure and requirements for exporters despite the need to attract investments in the sector. Despite attempts to develop the draft policy since 2017 without success after the stakeholders’ consultative forum on the policy was first set up, as much as N17.5 billion worth of royalties is due by operators in the sector, as a result of the absence of a clear operation procedure and guidelines for export operations in the sector.
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