Solid Minerals: How States And Individuals Can Make Billions

Dr Kayode Fayemi, Minister for Solid Minerals and Steel Development, has a big assignment. He is to revive the dead mining sector and make it an alternative revenue source for the Federal Government. Nigeria has never, in its history, been in need of diversification like this! This is because, given the activities of militants in …

Revitalization of ALSCON Crucial to FG’s Diversification Plan- Fayemi

The Minister of Mines and Steel Development, Dr Kayode Fayemi has said that the revitalisation of the Aluminium Smelting Company of Nigeria (ALSCON) in Ikot-Abasi, Akwa Ibom State is crucial to the diversification plan of the Federal Government. Dr Fayemi disclosed this to journalists shortly after taking a tour of facilities in the plant reputed …

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FG Charges Mining Companies on Human, Environmental Safety

The Federal Government has charged mining operators in the country on environmental and human safety stressing the need to avoid contamination of water and degradation of the environment during mining operations. The Minister of Mines and Steel Development, Dr Kayode Fayemi gave the charge during a tour of mining locations in Ebonyi State on Tuesday. The …

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FG to Collaborate with States on Coal Development

…as Enugu Gov urges FG to revoke licenses of unserious miners The Minister of Mines and Steel Development, Dr Kayode Fayemi says the Federal Government is ready to collaborate with State governments and critical stakeholders to revive the mining sector in the country. The Minister disclosed this when he paid a courtesy call on the …

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Power Generation: FG Partners ADB to Fund Coal Initiatives

….as Minister urges investors to invest in Nigeria’s huge coal reserves Determined to solve the power issue in the country, the Federal Government is to partner with the African Development Bank (ADB) to fund coal projects in the country. The Minister of Mines and Steel Development, Dr Kayode Fayemi, disclosed this during a meeting with …

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Fayemi: Indigenisation Policy of 1970s Destroyed Nigeria’s Mining Industry

Why has Nigeria allowed its once vibrant  mining industry to collapse and what is the government doing to revive this potentially huge revenue earner. The Minister of Mines and Steel Development, Dr. Kayode Fayemi provided answers to these questions and more on ARISE News Night. The extended chat was monitored by Senator Iroegbu. Excerpts: Is …

World Bank earmarks $150m to Support Nigeria Mining Sector

The World Bank on Wednesday approved 150 million dollars credit to help increase the mining sector’s contribution to the Nigerian economy. The Senior Communication Officer of the bank, Ms Olufunke Olufon said in a statement in Abuja that the project would help to establish a strong foundation for mining sector development in the country. Olufon …

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Mining Consent: States and Host Communities to Synergize

State governments may be required to authenticate mining consents issued to miners by host communities in order to sanitize the process and minimize the rancor that had followed its improper handling among communities across the country. “Consent had been abused in some communities because at certain points it is difficult to know who is giving …

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Enabling Environment Key To Success In Mines Sector

As the Nigerian minerals and mining sector keys into the diversification efforts of the President Muhammadu Buhari’s administration, stakeholders have attributed the visible growing success of the sector to the present enabling environment being created by the present administration. Ruth Tene Natsa writes. The managing director/CEO of Fujian Stones, Engr. Makoji Aduku, has attributed the …

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