Monday, February 8, 2016

So Nigeria Can Make N5trillion Yearly from only Solid Minerals?

Nigeria can generate at least N5trillion annually from mining and exporting of its vast solid mineral deposits, with several multiplier effects of job creation, state development and social infrastructure that could make the solid minerals sector as the main catalyst for the national development.

This revelation was made by Association of Metals Exporters of Nigeria.

At a press briefing at the weekend in Lagos, the association called on the federal government to provide the enabling environment for the development of the solid minerals sector.

Metallic solid minerals are the most exported solid minerals from Nigeria...

The Association, which comprises of various companies in the business of metal export, commended the focus of the minister of Solid Minerals, Dr. Kayode Fayemi, and expressed its readiness to partner with the government in the development of the Nigerian solid minerals sector.

President of the association, Seun Olatunji, said there is need for synergy between government agencies and private operators to unlock the values in solid minerals sector.

He noted that with over 38 viable solid mineral deposits in sustainable export quantity in Nigeria, the sector has the potential to generate not less than N5 trillion with necessary frameworks in place.

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