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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Seven loopholes in Ministry of Solid Minerals’ 2025 budget

THERE are no fewer than seven red flags in the budget presented to Nigerians by the Dele Alake-led Ministry of Solid Minerals Development. Economy Post‘s data department, known as Postlytics, found that these red flags are loopholes that could lead to embezzlement of public funds. The entire ministry’s five agencies got a budget of N16.649 […]

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Sep 30, 2023 post

Mining: Data show Dele Alake’s 50% GDP target is wild goose chase

On September 3, 2023, Minister of Solid Minerals, Mr Dele Alake, said that the sector would contribute 50 percent to the gross domestic product (GDP) under his watch. While unveiling his “Agenda for the Transformation of the Solid Minerals for International Competitiveness and Domestic Prosperity” in Abuja, Mr Alake also said that his ministry was determined […]