Senate Committee Hails Fayemi on Improved Revenue in Mining Sector

The Senate Committee on Solid Minerals Development has commended the Ministry of Mines and Steel Development for the improvement in the revenue profile in the mining sector in 2016. The Chairman of the Committee, Senator James Manager, gave the commendation during a visit by committee members to the ministry as part of their over sight …

FEC Approves N30 Billion for Mining

The Federal Executive Council (FEC) on Wednesday, October 19th, approved N30 billion intervention fund for mining exploration in the country. The Minister of Mines and Steel Development, Dr Kayode Fayemi, disclosed this to State House correspondents at the end of FEC meeting presided by President Muhammadu Buhari. He was accompanied by the Minister of Information, …

Invitation for Expression of Interest (EOI).

Ministry of Mines and Steel Development invites Expression of Interest for provision of support for Mineral exploration/ mining projects under the World Bank funded MinDiver Project. For review of the scope, pre-qualification criteria, suggested response format and other relevant information, kindly click on the link below Click here to download EOI  

Video Interview: Fayemi Outlines Diversification Plans

‘The vision here is to make sure the Nigeria Mining Sector works for the Nigerian Economy by increasing the revenue that it generates, and the jobs that it provides’. – Fayemi during an interview session with CNBC’s Onyi Sunday, as he outlines diversification plans in the mining Sector

MoS Commends FCT Town Planners

The Minister of State for Mines and Steel Development, Hon Abubakar Bawa Bwari, has commended members of the Nigerian Institute of Town Planners, FCT Chapter, popularly known as Unity Chapter, for having a united and active chapter that comprised experienced and dedicated professionals who are ready to move the profession to the highest level. The …

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Fayemi woos foreign investors with three years tax holiday

The Minister of Mines and Steel Development, Dr Kayode Fayemi, on Wednesday offered prospective investors in the Nigerian mining sector three years tax holidays, as part of Federal government’s incentives to serious investors. The tax holiday, according to the Minister, would commence from the date the investor commences mining operations in the country. Speaking at …

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Fayemi woos foreign investors with three years tax holiday

The Minister of Mines and Steel Development, Dr Kayode Fayemi, on Wednesday offered prospective investors in the Nigerian mining sector three years tax holidays, as part of Federal government’s incentives to serious investors. The tax holiday, according to the Minister, would commence from the date the investor commences mining operations in the country. Speaking at …

FG approves new mining roadmap, new name for ministry

The Federal Executive Council on Wednesday approved a new roadmap for the growth and development of the nation’s mining sector and the renaming of the Federal Ministry of Solid Minerals. The ministry will now be known as Federal Ministry of Mines and Steel Development. The Minister of Mines and Steel Development, Dr Kayode Fayemi, disclosed …

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Ajaokuta: Last chance for targeted sale

NIGERIA got another chance last week to revitalise its steel industry when it re-possessed the Ajaokuta Steel Complex after protracted negotiations with the concessionaire. With arguably sub-Saharan Africa’s largest integrated steel production facility back in its hands, the Federal Government is once again well-placed to kick-start a thriving industrial revolution that has been 40 years …