The Senate, through its committee on Finance, has said that Nigeria could generate about 3 Billion dollars from solid minerals.
The Chairman of the Finance Committee, Senator Sani Musa, in a statement said the informal sector, particularly the mining industry, is a hidden gem in the nation’s revenue potential.
He also stated that the Senate Finance Committee will seriously look at the informal sector which constitutes about 80 percent of the Nigerian economy. The committee will look into empowering the informal sector with the spotlight on mining. According to him, it was corroborated by the Ministry of Mines and Steel Development that the solid minerals have the capacity to generate about 2-3 billion US dollars annually.