FG considers mining sector.

Written by  September 14 2017 font size decrease font size increase font size Media 0
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Federal Government has engaged stakeholders and experts on the best way to develop the mining sector for optimum economic benefit.

At the maiden edition of the national council on mining and minerals resources development with the theme: Enhancing Mineral Resource Governance towards Economic Growth and Diversification, held in Abuja, Minister of the FCT MUHAMMED BELLO said the platform is for experts and stakeholders in the field of mining to brainstorm and come up with ideas on how best to harness minerals resources.

He said adequate measures will be put in place to check the environmental impact associated with mining and urged the participants to make the comprehensive inputs for easy implementation.

On his part; the Minister of Mines and Steel, KAYODE FAYEMI? ?identified the need to improve on the engagement of stakeholders, in order to achieve more beneficial participation of critical stakeholders groups in mining sector. 

The Minister disclosed that the ministry through the Federal Government has secured a one hundred and fifty million Dollars loan from World Bank to commence the Mindiver project aimed at funding strategic intervention in the sector. 

FAYEMI also added that plans are underway to assemble a six hundred million Dollars investment fund for the sector, working with the Nigerian Sovereign investment Authority, the Nigerian Stock Exchange and others. 

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