The Minister of Mines and Steel Development, Dr Kayode Fayemi, yesterday inaugurated the newly constituted boards of agencies and parastatals under the ministry.
The agencies are the Nigerian Geological Survey Agency (NGSA),the National Steel Raw Materials Exploration Agency (NSRMEA), the National Metallurgical Development Centre (NMDC) and the Council of Nigerian Mining Engineers and Geoscientists (COMEG).
In his keynote address, the minister said, “This event signals another important milestone in our efforts to consolidate on the gains of this administration’s reforms in the Nigerian mining industry as evidenced by data from the National Bureau of Statistics (NBS), that indicate a strong sectoral contribution to our economic renaissance in recent times.
He said: “The mining sector remains crucial as one of the frontiers of the federal government’s recently launched ‘Economic Recovery & Growth Plan (2017-2020),’ in which the minerals and metals sector was duly recognised as one of those to drive Nigeria’s recovery.
“The strategic document projected to grow sectoral contribution to GDP from N103 billion (2015) to N141 billion in 2020, at an average annual growth rate of 8.54 per cent . “Consequently, the ministry has been selected as one of the critical players in the ERGP focus labs about to be launched by Mr. President this week.”
Chairmen of the newly- inaugurated boards for the agencies respectively include Rt. Hon. Emma Bassey, Nigerian Geological Survey Agency; Dr. Yomi Finnih, National Steel Raw Materials Exploration Agency.
Others are Barrister Sebastine Ibezim, National Metallurgical Development Agency and Chief Godspower Okpoi, Council of Nigerian Mining Engineers and Geoscientists (COMEG).
According to him, the inauguration was timely and in line with continuous efforts aimed at further strengthening the capacity of the ministry and its entities to fulfil its collective mandates of increasing the mining sector’s contribution to the nation’s sovereign revenue, and significantly creating jobs, and broadening the range of economic opportunities available to young Nigerians.
The minister urged the chairmen and members of the board to embrace accountability as watch word.
“As you join our team, you would find that as a family, we have developed a culture of transparency, accountability and inclusion in the governance of the sector.
“Our fidelity remains to the people of Nigeria, as we work towards ensuring our vast God-given mineral endowments advances the sustainable growth of the country,” he remarked.
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