• Sun. Apr 21st, 2024

FG Plans 2.3 Trillion Mining Sector Revival


Jul 7, 2020 #FG, #Mining, #News
Minister of Mines and Steel Development, Mr. Olamilekan Adegbite

Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says Federal Government has proposed N2.3 trillion to boost the mining and other sectors of the economy in the post COVID-19 rescue operations.

The Minister who stated this in Abuja during an interactive session with newsmen on Federal Government’s post COVID-19 plans for the solid mineral sector, confirmed that the Ministry of Mines and Solid Development would get six billion naira from the total sum.

He said the Ministry intended to spend the funds and other available funds on improving artisanal mining and other aspects of the sector.

Mr Olamilekan Adegbite further said they were determined to take its road shows round the world to attract foreign investors into the country’s Mining Sector.

The Minister gave assurance that government was putting measures in place to ensure that the country tackle COVID-19  to ensure that its effects were minimal.