THE MISSING EXPORTS AND HIDDEN ROYALTIES – LITHIUM
By Biliyaminu Suraj biliyasuraj1980@yahoo.com The Ministry of Solid Minerals has failed to disclose massive export of lithium to China and gold to the UAE and has hidden from the Nigerian public any evidence that royalties on the lithium and gold have been paid. Where are the royalties? Nigeria does not publish reliable, timely, or detailed mineral export data. The Ministry of Solid Minerals Development (MSMD) and the Mining Cadastre Office (MCO) do not publish operator-level royalty or production data disaggregated by mineral type. The Nigerian Export Promotion Council and the Central Bank of Nigeria record mineral export values in aggregate, with significant lags and without the tonne-level detail needed to compute royalty liabilities. Nigerian Federal Government authorities do not publish any reliable data about the export of lithium despite the continuous hype from Minister Alake about the alleged billions of dollars of foreign investment in lithium product...