Business
Solid Mineral Sector Generates N199bn Revenue
The Solid Mineral Sector generated N199 billion from 2007 to 2014, says the Nigerian Extractive Initiative Transparency Initiative (NEITI).
The Director of Communications, NEITI, Dr Orji Orji disclosed this to newsmen on the sidelines of the just concluded Nigeria Mining Week held from last Wednesday in Abuja.
He said in 2007, solid mineral sector generated the amount through NEITI; N8.194bn was generated in 2007; 9.581bn in 2008; 19.425bn in 2009; 17.367bn in 2010; 23.674bn in 2011; 31.4 49bn in 2012; 33.862bn in 2013 and 55.814bn in 2014, bringing it to 199.366bn realised from 2007 to 2014.
He said that NEITI made tremendous efforts in the solid mineral sector to acquire such amount, adding that the sector was experiencing improper record of minerals until the introduction of NEITI.
He said that NEITI had been able to block many leakages identified in all affected agencies.
“We draw the attention of the affected agencies with revenue leakages and also the attention of the Federal Inland Revenue Service (FIRS), Office of the Accountant General, Central Bank and the Ministry of Finance.
“As an agency, we can’t be everywhere, but we work with affected agencies to address leakages,’’ he said.
He said that full effective implementation of the Mining Roadmap would help the sold mineral sector to address illegal exportation of minerals, tax and royalty being made from mining investors on yearly basis.
He said the ministry needed support from investors, donor agencies, civil society organisations and the media to help the sector to achieve full implementation of its roadmap (NAN)
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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