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Govt Unveils New Road Map for Mining

The Federal Executive Council (FEC) has approved a new road map for the growth and development of the nation’s mining industry.‎‎ The Minister of Solid Minerals, Kayode Fayemi, told journalists after the FEC meeting that the road map sought to increase contribution of the sector...

Nigerian Banks Can’t fund Mining Projects – Ex-NMC MD

The Federal Government’s plan to diversify the nation’s economy leveraging the solid minerals development cannot be funded by banks in the country, a former Managing Director of Nigerian Mining Corporation, Dr. Biodun Olorunfemi, has said. Olorunfemi, who is currently the Vice-President, Mineral Watch Global Investment...

FG Partners South Africa on Mining

Nigeria and the Republic of South Africa have commenced discussions on practical areas of cooperation in the nation’s mining sector. Receiving a delegation from South Africa in his office in Abuja, Minister of State for Solid Minerals Development, Hon. Abubakar Bawa Bwari ,said the need...

Reps Probe N49tr Yearly Loss in Mining Sector

Fayemi eyes 10% GDP contribution Why is Nigeria earning a paltry N31.449billion annually from the solid minerals sector when it could actually earn as much as N50 trillion? This is the mystery the House of Representatives is determined to solve as it braces to probe the...