{"id":27964,"date":"2021-02-08T17:54:49","date_gmt":"2021-02-08T16:54:49","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=27964"},"modified":"2021-10-07T00:24:06","modified_gmt":"2021-10-07T00:24:06","slug":"revenue-from-mineral-exceeds-n1-5bn-2020","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/revenue-from-mineral-exceeds-n1-5bn-2020\/","title":{"rendered":"Revenue from mineral exceeds N1.5bn 2020"},"content":{"rendered":"<p>By Moses Uwagbale<\/p>\n\n\n<p>The Mining Cadestre Office (MCO) said it generated N2.303 billion in 2020, as against N1.5 billion target set for the office.<\/p>\n\n\n<p>Mr Obadiah Nkom, Director General of MCO said in Abuja that the MCO made the above amount in spite of the COVID-19 pandemic which slowed socio-economic activities.<\/p>\n\n\n<p>He said that the amount was the third highest generated revenue in the history of MCO, while the second highest was realised in 2017.<\/p>\n\n\n<p>He also explained that in 2019, MCO generated N2.6 billion, which was the first highest in the history of the office.<\/p>\n\n\n<p>\u201cWhat we generated in 2020 would have exceeded what we realised in 2019, but due to COVID-19, we were unable to do much.<\/p>\n\n\n<p>\u201d The revenue MCO generated in 2019 was more than 50 per cent the entire Ministry\u2019s revenue.<\/p>\n\n\n<p>\u201d The budgetary target given to me this year is N2 billion and with God on my side, I will achieve beyond that because I have set a target for myself to exceed that amount.<\/p>\n\n\n<p>\u201d The amount realised in 2019 and 2020 was as a result of total support I got from my Ministers because they gave me total support I needed to operate.<\/p>\n\n\n<p>\u201cSome defaulters have gone to the extent of pleading with the Ministers to intervene to enable them make part payments but I refused and the Minister supported me because the debt will continue to accumulate.\u2019\u2019<\/p>\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-27964\" data-postid=\"27964\" class=\"themify_builder_content themify_builder_content-27964 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>By Moses Uwagbale The Mining Cadestre Office (MCO) said it generated N2.303 billion in 2020, as against N1.5 billion target set for the office. Mr Obadiah Nkom, Director General of MCO said in Abuja that the MCO made the above amount in spite of the COVID-19 pandemic which slowed socio-economic activities. He said that the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7321,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[308],"class_list":["post-27964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-minerals","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Revenue from mineral exceeds N1.5bn 2020 - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/revenue-from-mineral-exceeds-n1-5bn-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Revenue from mineral exceeds N1.5bn 2020 - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"By Moses Uwagbale The Mining Cadestre Office (MCO) said it generated N2.303 billion in 2020, as against N1.5 billion target set for the office. 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