"Extractive industries are those that are related to mineral and hydrocarbon products such as gold, phospates, diamonds, oil, gas, etc. Extractive industries remain the economic bedrock for many developing countries, generating the main, if not the sole source of fiscal revenues, foreign exchange earnings and surpluses to finance much needed socio-economic development. Yet, studies and surveys indicate that these countries have been unable to use effectively the resources from extractive…
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