The Nigeria Mining Cadastre Office (NMCO), says it has surpassed the revenue it generated in year 2022 in the second quarter of 2023.
The agency on Wednesday in Abuja what this simply mean is that if at the end of June, what it already generated surpassing last year, then whatever it is, it has met a target of Internally Generated Revenue (IGR).
The Director General of the agency, Mr. Obadiah Simon Nkom, made the disclosure when the National Association of Nigerian Students (NANS) conferred the body’s outstanding leadership award on him in acknowledgment for his contributions to the growth and development of the country through the mining sector.
Nkom, during his acceptance speech stressed that mining sector development will create jobs especially for youths,
adding that at his reappointment in January this year, a clear mandate was established to enable transparency, accountability and ensure that revenue was maximised, saying, “the MCO revenue since 2019 has always surpassed the previous year.”
He noted that the essence for the development of the mining sector was to create more jobs for the well-being of citizens in the country, especially for the youths.
Nkom stated: “When you look at our revenue since 2019, we have always surpassed the previous year. During the COVID-19 in 2020, we supposed to have shut down, but we still surpassed the previous year, even as I speak today even though we are in the middle of the year, we have surpassed last year’s revenue.
“It simply means that if at the end of June, we are already surpassing last year then whatever it is we have a target we need this Internally Generated Revenue, IGR.”
Nkom said despite having frequent court cases, the agency has a hundred percent of litigation successes, adding that the secret is doing things right and doing it well as things supposed to be done.
Also the National Secretary of the of National Association of Nigerian Students (NANS), Usman Kaikai said that the MCO has contributed immensely to the economic growth and development of the country.
Kaikai said: “NANS was here to affirm it support on the leadership, Management and Staff of the MCO for the positive impact it has brought also to the institution.
“The Apex body of Nigerian Students at home and in the diaspora were impressed with the sanitation that has ensured zero tolerance for corruption and the enablement of transparency and accountability the Director General had brought to the MCO.