“Government is committed to the scheme. Our miners cannot achieve much as long as they rely on shovel and digger for their work. We also know that modern equipment are quite costly. So, government would make arrangements with financial institutions and some operators to make the equipment available for leasing.”
Oscarline Onwuemenyi 15 March 2017, Sweetcrude, Abuja – The Federal Government has said that it would partner with states in…
He said, “We have gotten approval for the implementation of the constitutionally guaranteed 13 per cent derivation for mineral revenue to states. This is similar to the derivation that which oil-producing states are currently enjoying from the Federation Account.”
Nigeria’s bitumen reserve, spanning approximately 120 square kilometres, is reputed to be the second largest in the world.
