27 May 2016
The Minster of Solid Minerals Development, Dr. Kayode Fayemi, has said the Federal Government is working out solid partnerships with different states in the country to boost mining activities.
He made this known during the National Consultative Meeting on Validation of Road-map for the Solid Minerals Sector in Kaduna State.
He listed steps to be taken in order to achieve the objectives to include identifying, streamlining and legalising activities of the large numbers of artisanal miners.
Fayemi explained that this would form a singly whole platform for diversifying the nation’s economy.
In attendance at the meeting were other colleagues in the ministry, commissioners of solid minerals and environment from across the states and stakeholders in the mining sector.
Much to the dwindling revenue – as a result of a worldwide fall in oil price, it is mostly believed that over-dependence on the oil sector will continue to make the Nigerian economy lean. Hence, the need for the diversification of the economy which has since been agreed by many as a step in the right direction.
According to the 2012 audit report of the Nigeria Extractive Industries Transparency Initiative, NEITI, Nigeria has about 40 different solid minerals spread across the country, yet on the average, the sector contributes only about 0.34 percent to the country’s GDP.
Deputy Governor of Kaduna State, Bala Bantex, who stood in for Governor Nasir El-Rufai, commended the Federal Government’s effort on diversification. He promised that Kaduna State will encourage in all efforts to boost the nation’s economy.
Most stakeholders in the meeting were of the opinion that solid minerals can promote industrialisation and economic growth if only the government will allow increased participation by the state and private sector in its exploration and collection of royalties.
Stakeholders say the limitation of states in mining activities is largely responsible for redundancy in the sector.