Headlines
Fed Govt Urges Miners To Form Viable Cooperative
– Minister Of Mines and Steel Development, Olamilekan Adegbite urges miners to form viable cooperative to access loan
– The minister assures the association that the N2.5 billion Government intervention fund to support miners was intact
– We have started and we intend to deepen the process, so that Nigerians can continue to enjoy the potential of the sector
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said that miners should form viable cooperatives, to enable them access government intervention fund.
The Minister made this known in Abuja, when the Miners Association of Nigeria (MAN) visited him.
The Group of Miners led by the Former President, Alhaji Shehu Sani, were in his office to brief him on the forthcoming Nigeria Mining Week scheduled for October 14 and 16 which will be hosted by the Ministry of Mines and Steel Development.
The minister, while assuring the association that the N2.5 billion government intervention fund to support miners was intact, said except miners formed viable cooperatives, they might not be able to access the funds.
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He, however, said that some of those who tried to access the fund did not submit the correct information to enable them access the funds.
The minister added that part of the money would be used to purchase equipment, which would be located strategically across the country for miners to lease.
He said the ministry would ensure the right environment to attract investors into the country’s mining sector.
“I am pretty new but am learning fast and I know that with the potentials in the solid mineral sector, we can surpass earrings for the oil sector.
“ We have started and we intend to deepen the process, so that Nigerians can continue to enjoy the potential of the sector,“ he said.
In response, Alhaji Kabir Mohammed, MAN president, said the country’s solid mineral sector could give alternative revenue source to government.
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“We make bold to affirm that the country’s solid mineral sector is capable of giving alternative revenue source to government, almost what the oil and gas sector is giving, ” he said.
According to him, the sector is capable of alleviating poverty among the peasant population and providing massive raw materials for others.
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