Two new gold refineries have been licensed by the Federal Government of Nigeria to begin producing the special metal for export.
Olamilekan Adegbite said he had set a target for the mining sector to contribute 3.0% of the nation’s GDP by 2025.
Olamilekan Adegbite said that Nigeria is aware of the exponential growth opportunities inherent in the mining sector, and is making plans to take advantage of them.
Minister of Mines and Steel Development, Olamilekan Adegbite, said plans are underway to re-start mining activities in Zamfara State.
The FG has decried the rate at which metal products are imported into the country, saying it is killing Small and Medium Scale Enterprises (SMEs).
Olamilekan Adegbite has disclosed that Chinese domination of the country’s mining sector, is no value to the development of Nigeria’s economy.
The Ajaokuta deal President Buhari signed with Russia is under investigation after the House of Representatives queried the details of the deal.
A total of 1,759 illegal mining sites operating in Nigeria have been uncovered
In a bid to revive the steel sector and encourage the local steel manufacturing industry, FG is considering the total ban on steel importation.
In a bid to generate more revenue in the mining sector in the country, the Federal Government has set up a 14-member committee.
