Nigeria’s Minister for Mines and Steel Development, Olamilekan Adegbite Says the Country Will Focus on Seven Strategic Solid Minerals to Bring About Value in the Sector.
They Include Coal, Iron Ore, Bitumen, Gold, Limestone, Zinc and Baryte.
He Disclosed This During the Weekly Ministerial Briefing Organised by the Presidential Communication Team, Held at the Presidential Villa, Abuja, Nigeria’s Seat of Power.
For Nigeria to mine for the future, Adegbite noted: “We have learnt our lessons for neglecting the development of our solid minerals sector, more so, today; as we are faced with the situation of dwindling revenues from oil and gas. This impacts on the budget and our ability to meet the country-wide economic aims.
“Therefore, with the development of the Solid Minerals sector, this helps in meeting the cross-sectorial, country-wide development aims, which include bridging gaps between economies, education and pro-poor strategies. It is recognized by the Government that mining is a key enabler to implement these strategies.
“Our focus is now on de-risking the sector, by the provision of more up-to-date and comprehensive data on mineral occurrences in Nigeria and enabling a more investor friendly environment through favourable incentives,” he added.
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