Information emerging from the Deputy Minority Whip of the Senate, Senator Abu Ibrahim, has it that the Federal Government has diverted at least N873 billion from the Natural Resources Development Account to finance unrelated projects in the various ministries, departments and agencies (MDAs) within 10 years.
Senator Ibrahim made this revelation following an investigation by the Senate Committee on Public Account.He also said the Federal Government lost trillions of naira to non-exploration of the mineral resources available across the states of the federation.
The senator made the disclosure while speaking with newsmen on why he sponsored a motion in the Senate seeking for the development of the solid minerals sector. The Deputy Minority Whip said the bankruptcy of most states in the country would have been dealt with if the solid minerals had been properly tapped into and explored. He said that the problem of unemployment across the country would have also been addressed as most of the unemployed graduates would be employed by the states with the development of the solid minerals sector.
His words: “Well, I can say Nigeria has lost trillions of naira to the non-exploration of solid minerals in the country… If we have taken it seriously, we would have gone far in the area of employment and socio-economic development… The development of solid minerals in the country will enable states in the country to look internally and look for another way of generating income instead of depending on the money realised from oil.