Fayemi, Fashola, kale others bag Excellence in Public Service Award

Minister of Mines and Steel Development, Dr Kayode Fayemi, on Thursday evening received the Businessday Newspaper’s Excellence in Public service award 2017, in recognition of the reforms and innovations that have repositioned the mining sector under his watch. Other public servants that also bagged awards at the event which held at the Ladi Kwali Hall, Sheraton Hotel, …

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Perm-Sec urges cooperation between directors, MIST to boost mining

The Permanent Secretary, Ministry of Mines and Steel Development, Alhaji Mohammed Abbas, has sought synergy between directors in the ministry and the Mining Implementation Strategy Team, MIST, charged with the responsibility of full implementation of the Nigerian mining roadmap. Abbas said in Abuja that cooperation between the directors and MIST was necessary to move the …

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Reasons for $600m investments in solid minerals

The Federal Government is planning to invest $600 million in solid minerals sector, in order to deepen exploration activities, the Minister, Mines and Steel Development, Dr Kayode Fayemi, has said. Other reasons, he said, include the need to deepen the knowledge of practitioners in the Nigerian mining space, explore both old and green fields, and …

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Fayemi canvasses removal of mining from exclusive to concurrent legislative list

The Minister of Mines and Steel Development, Dr Kayode Fayemi, has canvassed an urgent review of the country’s laws to allow states play more prominent roles in mining issues as a necessary step in making the mineral and mining sector more profitable. The Minister stated this in his keynote address at the fifth annual lecture …

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Extractive Industry Key to Wealth Creation and Employment Generation

The mining services industry is a vital source of economic activity and jobs in Nigeria, and a major contributor to national income and wealth creation. Technical and business innovation is continually needed to maintain the industry’s international competitiveness and to ensure that mining is conducted in an environmentally sustainable manner that is aligned with society’s …

FG moves to curb illegal mining, laments $9bn loss

The Federal Government has started moves to curb illegal mining of the country’s resources which has led to a loss of $9bn between 2014 and 2015. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, mentioned this to State House correspondents at the end of the meeting of the Federal Executive Council presided over …

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MMSD, BoI Call for application for ASM Support Fund

This is a special notification to announce the commencement of applications for the Nigerian Artisanal & Small-Scale Miners (ASM) Financing and Support fund. The Ministry of Mines and Steel Development (MMSD) in August 2017, signed a Memorandum of Understanding (MoU) with the Bank of Industry Limited (BOI) for the management of a N5 billion fund …

Text of Speech Delivered by Fayemi at NAPE Conference 2017

Titled: EXPLOITATION OF NIGERIA’S MINERAL RESOURCES: Building Hope for Economic Diversification   at the:   Opening Ceremony of the 35th Annual International Conference & Exhibitions   of the   Nigerian Association of Petroleum Explorationists (NAPE) Lagos, Nigeria | Tuesday, November 21, 2017     Protocols   Since Independence, economic diversification has been a consistent theme …

Presidency Welcomes Latest GDP Figures

Hails steady growth in agriculture, mining, others The Federal Government has hailed the economic growth recorded in the third quarter of the year, as agriculture and mining continue to maintain steady growth, as indicated by the latest GDP figures just released by the National Bureau of Statistics, which saw oil, agriculture and industrial sectors leading …

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Nigeria Exports $9.7m, earns N69bn from Solid Minerals – NEITI

Abuja—The Nigeria Extractive Industry Transparency Initiative, NEITI, yesterday, said Nigeria earned N69.2 billion from the solid minerals sector in 2015, an increase of 24 per cent on the N55.8 billion earned from the sector in 2014. NEITI, in a statement on its latest independent audit report of the solid minerals sector released weekend, also disclosed …

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