Experts have commended the Ministry of Solid Minerals Development on its transformative plans to reposition and sanitise the mining sector towards achieving rapid economic development of the country.
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Dr Fayemi stated this on Thursday in a goodwill message he delivered at the Ministry of Mines and Steel Development’s Strategic Engagement virtual meeting with the 774 Local Government Council Chairmen and other critical Mining Sector Stakeholders, noted that the committee that drafted the road map for the growth and development of the Nigerian mining sector in 2016, focused on building consensus on the critical actions required to move the sector forward including engaging all the stakeholders.
The Minister of Information and Culture, Alhaji Lai Mohammed, made this known when he briefed State House correspondents on the outcome of the Council’s virtual meeting, presided over by President Muhammadu Buhari in Abuja.
BUA Group, a leading food, mining and infrastructure conglomerate, had recently announced the acquisition of majority stakes in PW Nigeria Limited in March 2020 to further deepen its investments in the mining and infrastructure business in Sub-Saharan Africa.
The Governor revealed that there will be a collaboration between the Federal and State Governments to ensure a sustainable development in the mining sector.
Bwari made this known while inaugurating the Integrated Exploration Project of the Ministry on Thursday in Abuja.
The South Korean Ambassador to Nigeria, Lee In-tae, said his country is eager to renew collaboration with the Nigeria mining sector.
The president made the statement when he received the National Executive members of the Nigerian Mining and Geosciences Society at the State House, Abuja, on Thursday.
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