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Saving oil revenue for the rainy day
The Nation Newspaper
In Nigeria, the idea of saving a portion of oil and gas revenues for the rainy day and for the future generation began in 1989 when the Stabilisation Fund was set up. The objective was to set aside 0.5% of revenues going ... Even neighbouring African ...

Leadership Newspapers
Between Nigeria's Ailing Economy And War Of Attrition
Leadership Newspapers
“In addition, there is a credible plan to diversify our revenue sources away from oil, with focus on export crops as well as solid minerals, with the release of US$100m fund to develop solid mineral extraction.” “President Muhammdu Buhari has a ...

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The Punch
How Ayade gives our jobs to the Chinese
The Punch
The first thing that struck my mind was that Nigeria had been producing geologists for as long as it had been in existence. But when we have a job geologists can handle, we give it out. What has happened in Cross River State is another sample in a ...

Premium Times
INTERVIEW: How NEXIM Bank is helping to boost agriculture, job creation in Nigeria – MD
Premium Times
The Federal Government has been making efforts to diversify the country's economy away from oil and gas as the sole foreign exchange earner. Government's attention has since shifted to agriculture and solid minerals as the alternatives. In this ...

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Leadership Newspapers
Between Nigeria's Ailing Economy And War Of Attrition
Leadership Newspapers
Former President Goodluck Jonathan retreated into his shell after making history as the first incumbent to lose the presidential election in Nigeria. His party, the Peoples Democratic Party (PDP), was almost confined in political oblivion in the course ...

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Guardian (blog)
Mining company expresses shock, disappointment over minister's action
Guardian (blog)
Following the shut down of Solid Unit Nigeria Ltd at Kampany Zurak in Wase Council of Plateau State on 14th August for allegedly engaging in illegal mining, the company has kicked, describing the action taken by the Minister of Mines and Solid Minerals ...

The Nation Newspaper
'My ambition is a project of conscience'
The Nation Newspaper
Sources hinted that Dr. Kayode Fayemi, Minister of Solid Minerals Development, may join the race. However, some members of Fayemi camp are now members of the Segun Oni Campaign Organisation. Oni was a foundation member of the PDP. For seven ...

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NAIJ.COM
Nigeria may go the way of Rwanda, Congo - Ezekwesili
NAIJ.COM
Oby Ezekwesil, former minister of solid minerals development said Nigeria may experience genocide like the case of Rwanda or Democratic Republic of Congo if government did not address the crises in the country. According to Guardian, Ezekwesili ...

Premium Times
Saving Nigeria's Oil Revenues For The Rainy Day, By Orji Ogbonnaya Orji
Premium Times
For instance, Angola has saved $4.6 billion, while Botswana, with a population of 2.3 million people and endowed with solid minerals resources only, has so far saved $5.7 billion since that country embraced the compulsory savings culture in 1994.

The Punch
We can fix our economy by diversification —Anyaoku
The Punch
A former Secretary-General of Commonwealth, Chief Emeka Anyaoku, says diversifying the economy from oil remains a viable option to get Nigeria out of its current challenges and put the economy on the path of sustainable recovery. According to him ...

THISDAY Newspapers
Unleashing Local Resources
THISDAY Newspapers
... Solid Minerals Development, Dr. KayodeFayemi, indicated that the greatest desire of the government was seeing Nigerian entrepreneurs working together with the government through backward integration to unlock the potential of the solid minerals sector.

Vanguard
16 Chinese, 8 Nigerians arrested in Plateau over illegal mining
Vanguard
The Minister also shut down of the operations of Solid Unit Limited and Geotess Nigeria Limited immediately. Under the Mining Act, the Minister has responsibility to stop mining activities and take any action to ensure orderly development of the ...

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Nigeria's Restructuring - the Fears, the Anxieties and the Hopes
AllAfrica.com
It is an undisputable fact that there is no state in Nigeria that is not endowed with solid mineral. By the way, what happened to the groundnut pyramids in North before we discovered oil? What has happened to the palm oil processing in the East? What ...

Nigeria May Go the Way of Rwanda, Congo DR, Says Ezekwesili
AllAfrica.com
Enugu — A former Minister of Solid Minerals Development, Dr. Oby Ezekwesili, has said that Nigeria may go the way of Rwanda or Democratic Republic of Congo if government did not address the festering political and economic crisis facing the people.

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Guardian (blog)
Nigeria may go the way of Rwanda, Congo DR, says Ezekwesili
Guardian (blog)
A former Minister of Solid Minerals Development, Dr. Oby Ezekwesili, has said that Nigeria may go the way of Rwanda or Democratic Republic of Congo if government did not address the festering political and economic crisis facing the people. She ...

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Daily Trust
Nigeria's restructuring: The fears, the anxieties and the hopes
Daily Trust
It is an undisputable fact that there is no state in Nigeria that is not endowed with solid mineral. By the way, what happened to the groundnut pyramids in North before we discovered oil? What has happened to the palm oil processing in the East? What ...

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NEITI's Board Approves New Auditor to Undertake 2015 Oil Sector Review Cycle
THISDAY Newspapers
Haruna Yahaya & Co, had previously undertaken two of NEITI's audit cycles in the solid minerals sector. NEITI however, said the decision of the NSWG was based on a competitive contract process it undertook with support from the Bureau of Public ...

Osinbajo: Nigerian States Are Undiscovered Jewels, With Huge Local And International Economic Potentials
The News
In a speech that highlighted the tremendous local and international economic potentials of States of the Nigerian Federation, Acting President Yemi Osinbajo, SAN, says just one State in the country, Niger State, with its rich agricultural potentials ...

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Premium Times
Geologists, Insurgency, and the Way Forward, By Fatima Ibrahim Maikore
Premium Times
These geologists and other related professionals had to work in highly unsuitable terrains and under harsh weather conditions, and at the risks of being attacked by wild animals, including snakes. Much has been said about how Nigeria is richly endowed ...

Premium Times
Nigerian security officials assisted illegal Chinese miners - Minister ...
Premium Times
Governor Lalong says the illegal miners excavate minerals worth N5 billion monthly from the mining sites.
Ilegal Mining: 16 Chinese, 8 Nigerians arrested in PlateauP.M. News

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