The Federal Government on Monday lamented the activities of illegal miners in the country and the attendant revenue loss implications for the nation’s sustainable growth. It is estimated that with 80 percent of mining activities being done illegally, Nigeria had been losing billions of naira annually and hampering the sector’s contribution to the Gross Domestic […]
The World Bank has finalized arrangements with the Federal Government to invest $123.5 million in the exploration of industrial minerals in the country. A consultant at the Breton Woods institution, Vitor Carrieia, gave this hint on Tuesday in Abuja while unveiling the Industrial Minerals Roadmap that will guide the planned investments in the sub-sector of […]
The Federal Executive Council (FEC) on Wednesday approved N12.7 billion for a contract for the exploration and consultancy on some of its targeted minerals like gold, industrial minerals, earth metals and iron ore. The Minister of State for Mines and Steel Development, Bawa Bwari, confirmed this while speaking with State House correspondents after the cabinet […]