Says economy loses $9 billion annually to banditry, illegal mining, others
Says rising food inflation not influenced by market forces alone but economic costs of conflict, displacement, illegal exploitation of natural resources
Dele Oye slams foreign trips as costly waste, says millions squanders with little to showJames Emejo in Abuja
An investigative report has alleged that the country’s worsening insecurity in several mineral-rich states is being driven by powerful economic interests seeking control of the country’s vast solid mineral deposits.
The report, titled “The Shadow Owners”, and published by the Alliance for Economic Research and Ethics Limited (AERE), also warned that the development is costing the economy about $9 billion annually in illegal mining and gold smuggling while worsening food inflation.
