FG promises to boost low private sector exploration funding

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…States already receiving 13% derivation on mining activities

…only 15 out of 400 mineral title holders operate in Nasarawa —Gov Sule

…as MAN hopes to access N5bn mining loan

By Gabriel Ewepu – Abuja

As the 4th Nigeria Mining Week kicks off officially, Tuesday, the Federal Governments have promised to boost low private sector funding in the mining sector through effective collaborations.

4th Nigeria Mining Week: FG promises to boost low private sector exploration funding

This was stated by the Minister of Mines and Steel Development, Architect Olamilekan Adegbite, in his speech titled, ‘Stock-Take of 2018 and Vision for The Development of Mining Industry in Nigeria’, where he said the Federal Government would ensure that there is synergy among stakeholders in the sector for the common good of the economy and people.

He also promised that with the right investors and environment Nigeria’s mining sector would be outstanding, which the government is ready to give backing to prospective investors including those already operating in the sector.

He…



Source: Vanguard Newspaper