Connect with us
Advertise With Us

NEWS

FG’s Solid Mineral Initiative Yielding Positive Results – Minister

Published

on

BY ISAIAH BENJAMIN, Kaduna
The minister of Mines and Steel Development, Dr Kayode Fayemi has said that the federal government’s initiatives on solid mineral development is already yielding positive results.
Fayemi stated this at the opening of the First Northern Nigeria Solid Mineral Fair and workshop which commenced in Kaduna, yesterday.
According to him, the mining sector is one of the few sectors that experienced positive growth index even at the peak of the recession.
He pointed out that the sector holds the key to the economic diversification for sustainable development of the current administration.
To achieve this, he said, the federal government had put in place adequate regulatory frameworks and investment-friendly policies.
Fayemi said that the policies hoped to attract genuine investment and fast track effectiveness in the sector.
He identified some of the policies to include security of tenure of minerals titles, transparent procedures for granting access to mineral titles and internationally competitive mining incentives.
Others were comprehensive geoscience data of mineral deposits and their locations in Nigeria as well as deferred royalty payments.
The others were exemption from customs and import duties for plant, machinery, equipment for mining operations, three to five years tax holiday and tax concessions.
“These initiative is already yielding positive results based on the data from the National Bureau of Statistics.”
He said that the theme of the fair, “Building a Solid Ground for a Resilient Economy”, was apt because Nigeria is endowed with vast solid minerals.
The minister, who expressed the need to adequately harness and develop the sector, hoped that the fair would usher greater collaboration between Federal and state governments.
Earlier, the Dr Farida Dankaka, President Kaduna Chambers of Commerce, Industry, Mines and Agriculture, said that the fair was aimed at showcasing the products and services in Nigeria’s solid mineral sector.
Dankaka added that the forum hope to create awareness on best practices and application of technology to tackle environmental hazards in the mining sector.
According to her, the three-day forum is the first of its kind in northern Nigeria and is expected to provide a platform for stakeholders in the region in harnessing solid mineral deposits that have remained untapped.
“We hope that through this gathering, states and local governments would be encouraged to organise and register artisanal miners operating in their domain.
“This would ensure safer mining environment and improve revenue generation.
“It would equally curb environmental degradation and unhealthy practices that characterised illegal mining in local communities, ” Dankaka said.

Advertisement
Comments

MOST READ

POLITICS29 mins ago

Party Registration Should Be Full Time Job For Another Body – INEC

Registration of political parties should be a full time job of another body, the chairman, Board of The Electoral Institute,...

United Nations logo United Nations logo
NEWS1 hour ago

UN Fears Safety Of Aid Workers As Terrorists Kill, Abduct 6

The United Nations Humanitarian Coordinator, Edward Kallon has raised concern over the safety of aid workers in Borno and northeast...

NEWS1 hour ago

 Edo, SON Partner To Check Sub-Standard Products, Sensitise Artisans

The Edo State Governor, Mr. Godwin Obaseki, has said his administration will collaborate with the Standards Organisation of Nigeria (SON)...

NEWS1 hour ago

el-Rufai Swears-In Head Of Service, Chief Of Staff, Others

Kaduna State governor, Malam Nasir El-Rufai, has on friday sworn-in Head of service, Chief Of Staff, Principal Private Secretary, and...

NEWS1 hour ago

World International Day For Justice: Obaseki Harps On Stiffer Measures To Curb Trafficking, Punish Perpetrators

The Edo State Governor, Mr. Godwin Obaseki, has said there is need for a stronger collaboration among international actors to...

NEWS1 hour ago

SUBEB Staff In ‘Soup’ Over Employment Racket In C/River

An employee with the Cross River Universal Basic Education Board (CR- SUBEB), Mr. Ikwa Bassey has been suspended by the...

NEWS2 hours ago

Plateau Govt Tasks Parents On Immunisation Of Children Below 5 Years

The Plateau Government on Saturday urged parents and guardians to ensure that all children below the age of five are...

Advertisement

MOST POPULAR

%d bloggers like this: