The Federal Government’s effort at transforming the mines and steel sector to further strengthen the economy has received a boost from some developing countries.
Australia, Canada and the World Bank on Tuesday launched a two-year programme to support the Ministry of Mines and Steel Development in developing Nigeria’s mineral sector in an economically, environmentally and socially sustainable way.
According to a statement by the World Bank, the Australian Government’s support will help identify mineral resource corridors.
It will also help improve education and training for mining sector employment; update the fiscal regime for mining; formulate an Artisanal and Small-scale Mining strategy; and review the strategy for Mid-Tier Mine Operators.
In addition to supporting the mining infrastructure planning, the Canadian Government’s support is expected to contribute to strengthening the consolidated strategy for sustained mineral sector development in Nigeria.
The Canadian intervention will also assist in finalising the sector’s specific environmental and social regulations, upgrade the geosciences research laboratory to serve the industry and increase the opportunities for gender equality in the mining sector.