The Natural Resource Governance Institute warned that Nigeria could repeat the failures of its oil industry in the minerals sector unless regulation, revenue management and community benefits improve.
Tengi George-Ikoli, Nigeria Country Manager at the Natural Resource Governance Institute (NRGI), said the country had failed to translate nearly seven decades of commercial oil production into broad-based economic development
Why it matters
Nigeria’s minerals push will only benefit the country if licensing, community consent and revenue transparency improve on the oil era.
Source: Premium Times. Image: Premium Times.
