Business Quiz

Welcome to Billionaires Club Quiz Game. Answer all questions correctly and save your info on the Leaderboard to stand a chance to win FREE AIRTIME

You must specify a number.

Fayemi – Mineral Exportation Will Be Banned Soon

Industry

The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said that government has put in place measures to stop exportation of raw solid minerals by October.

Fayemi stated this in a lecture titled ‘Nigeria’s Solid Minerals: Prospects and Challenges and the Nation’s Quest for Economic Diversification’, delivered in Abuja at the induction program for non-career ambassadors-designate.

 

Fayemi - Mineral Exportation Will Be Banned Soon
“Before now, a lot of illegality had been going in the sector. People were just shipping out raw minerals which have informed government policy or decision of banning the unprocessed minerals.

 

“In the next six months raw minerals would not be allowed to be exported because beneficiation is a priority to this government rather than just exportation of the raw minerals,” he said.

 

He said any miner ready to invest in the sector must be willing to set up processing plants in host communities in order to create jobs for the people.
The minister also called for the partnership of state governments towards developing the mining sector in the country.

 

Fayemi noted that given the fact that mining takes place in locations in states, there was a need for partnership with host communities and the state government to achieve results.

 

He said the right to issuance of consent given to host communities had been abused over the years, adding that the intervention of the state government was paramount.

 

 

 

[DailyTrust]

Related Post

3 comments

Leave a Reply

Please Input Your Phone Number beside your Name in Bracket eg Musa (080********). Thanks

30 − 28 =

Please Input Your Phone Number beside your Name in Bracket eg Musa (080********). Thanks