How much do they loose to thieves, organized embezzlement and Carter runs?

They don't care because it is done in the north. Bunkering in the Niger Delta has been reduced to a minimal level. Why not illegal mining?

They love throwing complaints and those figures at us when they know its their responsibility to do what is right to curb what they are complaining about.

ogaontop:
How these guys quote figures without statistics or proof is amazing!
Is 15.9 billion dollars not more than our yearly budget?
Why can't we secure and regulate the sector if such revenue can be generated??
Is this amount not far more than the amount we are owing different countries and world bank; and we are still borrowing
Na God go help us for this country!!

Is that not the reason why governors like him have failed since 1999 to employ teachers for the free education of all children in primary, vocational and secondary schools? All the over 100 governors without exception.

It does not matter to all our scamdemic governors that Obasanjo's PDP administration established UBEC to provide matching funds to help states provide free education for all our children for nine years. What a bunch of nincompoop scammers we have allowed to ruin our 36 states since the return to democracy more than a quarter century ago.

DataphyteSEO:
by Olanrewaju Oyedeji

The Universal Basic Education Programme is aimed at ensuring free education for Children at the primary school level and three years of Junior Secondary school. The program was launched in September 1999 while the law establishing UBEC was signed in 2004.

Part of the provisions of the programme is provision of funds to assist states in implementing ideals of the programme. For UBEC, 2% of the Cumulative Statutory releases of the country’s consolidated revenue fund is set aside to fund the programmes and projects.

A Dataphyte review of the UBEC portal shows that between 2005 and 2021, thirty two (32) states did not access over N48 billion in UBEC funds available for improving basic education across all states.

The reason for the failure to access funds that are crucial to the educational outcomes of the states is likely because of the way the UBEC funds are structured. To access allocated UBEC funds, states must match the grant amount available up to at least 50%.

Section 11, subsection 2 of the law states that “For any State to qualify for the Federal government block grant pursuant to sub-section 1(l) of this section,such State shall contribute not less than 50% of the total cost of projects as its commitment in the execution of the project”.

What this means for instance is that, Ogun state has the highest amount of unaccessed funds up to N3.672 billion in the 16 years under review. In 2021 Ogun State could have accessed N946 million in UBEC funds, but to receive the “windfall”, it must match the amount of the grant offered up to 50%. This means Ogun State must provide the sum of N946 million and these funds must be for basic education and within the project areas that the fund covers. This means Ogun State must provide at least N473 million to access the available grant.

Continue reading: https://www.dataphyte.com/latest-reports/development/nigerian-states-fail-to-access-n48-billion-in-ubec-grants-in-17-years/

Some who don't have access to oil block are quietly pushing for his mining business thing to be considered as an alternative

It is well this country..

The country loses dey for some of dem dem pocket...

Poor country indeed...
SMH

Chukwumagordian:
Everything is Nigeria is always stolen...

People's Mandate, stolen

Constituency development, stolen

State allocations, stolen

Mineral resources, stolen

Pension and gratuities, stolen

Salaries, stolen

Even some people are stolen....

Before the election, even Tinubu advised that power is to be grabbed and run with, which means, 'steal'.

Just tell me what is not stolen in Nigeria if not de@th.

Most times I wonder how Nigeria still stand with all these stealing...

That's a country that was formed out of the selfish interest of the British to steal from her people

Mind you, our great grand children will still complain of everything been stolen in Nigeria.

My advise is, this country should go back to regional government or we divide... By doing that, everyone should handle their own thieves the way they like

So you didn't see one news thread here where kidnappers where demanding ransom from their victim's family before they can release his dead body after collecting ransom when the deceased was alive...

Even the dead is not safe in Nigeria...

1. Even if they give these politicians the $19 billion they will loot it.
2. Allowing the illegal mining to happen means the govt is incompetent.
3. Such mining can't happen without the aid of those in Power.

No report over the Bodija blast that claimed so many lives and properties till date...

Stop telling us, do something about it.

Metrix147:


Source: https://abntv.com.ng/news/nigeria-loses-15-9-billion-annually-to-illegal-mining-senator-kalu-reveals-video/

ogaontop:
How these guys quote figures without statistics or proof is amazing!
Is 15.9 billion dollars not more than our yearly budget?
Why can't we secure and regulate the sector if such revenue can be generated??
Is this amount not far more than the amount we are owing different countries and world bank; and we are still borrowing
Na God go help us for this country!!

Yes bigger than Nigeria budget. Bro the minerals resources that's been stolen every year is times two of Nigeria budget. The Federal government is aware of it.

The money would still have been stolen by politicians and the criminal minded government officials so no news here.

ourcrudeoil:


Yes bigger than Nigeria budget. Bro the minerals resources that's been stolen every year is times two of Nigeria budget. The Federal government is aware of it.

If they are aware, and still resorted to borrowing, that means something is wrong! It's either there's a conspiracy or they're powerless!!

Nigeria looses abi the mining cabal

Wow, that's approximately 2 refineries every three years... Nice

And the mass are suffering. Very good

Funny thing is the same people calling this out which is our leaders are the same people running the business e.g oil bunkering e.t.c