Thursday, April 25, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

NEITI to launch books on mining impact, management 13% derivation allocation

NEITI to launch books on mining impact, management 13% derivation allocation
October 05
11:37 2020

The Nigeria Extractive Industries Transparency Initiative (NEITI) has announced plans to launch two publications that have a direct impact on revenue management and governance of Nigeria’s extractive sector. 

According to a statement by Orji Ogbonnaya Orji, NEITI director of communications and advocacy, on Sunday, said the publications are ‘Impact of Mining on Women, Youth and Others in Selected Communities in Nigeria’ and ‘Perception of the Impact of 13% Oil Derivation Allocation’.

According to NEITI, the first publication examines the socio-economic and environmental impact of mining on vulnerable groups in Nigeria and covers six communities across the six geopolitical zones of Nigeria.

These communities include Enyigba/Ameka in Ebonyi state (south-east); Okpella in Edo state (south-south); Ilesa in Osun state (south-west), Maiganga in Gombe state (north-east), Mai-Adudu in Nasarawa state (north-central) and Bagega in Zamfara state (north-central).

Advertisement

The company said negative media reports of the mining development and the diversity of the minerals mined in these areas inspired their proposition for the project.

“The choice of the selected minerals: coal, limestone, gold, lead and zinc in the producing communities was to establish the correlation between the type of minerals exploited in an area and the socio-economic and environmental impacts of the mining activity on women, children and other vulnerable members in the affected communities,” NEITI said.

It said three oil-producing states, Delta(south-south), Imo(south-east) and Ondo(south-west), were selected for the second publication.

Advertisement

NEITI said: “The launch of the publications will provide the platform for robust conversations with stakeholders on practical solutions to the issues of management of revenues derived from the extractive sector as well as how to mitigate the negative impacts of mining on vulnerable groups in the mining communities.”

The launch will hold virtually on October 6, 2020, by 10:00 am.

Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!

Tags

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment

error: Content is protected from copying.