July 21, 2024
FG To Establish 6 Mineral Centres Across Nigeria To Boost Mining
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FG To Establish 6 Mineral Centres Across Nigeria To Boost Mining

The Federal Government has announced plans to establish six mineral centres in the six geo-political zones of the country to boost the mining sector.

In an interview with the News Agency of Nigeria, NAN, on Sunday. the Minister of Solid Minerals Development, Dele Alake, said the plan was part of President Bola Tinubu’s administration’s commitment to diversify the country’s economy, by developing key sectors such as the solid minerals industry.

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He added that the government has developed a new policy to ensure that Nigeria derives maximum value from all minerals extracted from the country. According to him, investors in the past extracted raw mineral resources from Nigeria without adding value to them, which he described as a great loss to the country’s economy.

According to the new policy, the government would no longer approve applications from an investor that does not show a concrete plan for local value addition, which should include local processing that will generate a multiplier effect like local employment, technology, and skills transfer.

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