Although at a slow pace, inflation experienced a downward trend this year. The positive base effects against the monthly baskets in 2016 played a major role in the steady slowdown; improved fx liquidity also contributed and this was particularly visible in the trend of imported food prices. However, general food price inflation remained stubbornly high …
Fayemi Felicitates With Christians At Christmas
The Minister of Mines and Steel Development, Dr Kayode Fayemi, has congratulated Christians in the country for witnessing yet another Christmas, urging them to continue to live by example, especially in their relationship with one another and with adherents of other religions. The Minister said Christmas is a season to give and demonstrate love, urging …
PRESS RELEASE: Fayemi Denies Fuel Scarcity Comment Ascribed to Him
The Minister of Mines and Steel Development, Dr. Kayode Fayemi, has denied a statement being circulated on the social media in which he was quoted as justifying the current fuel scarcity. The Minister was said to have made the comment in an interview with WE FM 106.3. He was quoted as saying: “Don’t mind Fayose, …
Mining Industry’s Contribution to Federation Account Rises to N3.5bn
The Ministry of Mines and Steel Development has said the sector contributed about N3.5 billion to the Federation Account in 2017. Minister of Mines and Steel Development, Dr Kayode Fayemi, who disclosed this at the 2017 end of the year ministerial briefing on Thursday in Abuja, said the ministry made steady progress in 2017, having …
FG kick starts Gold purchase scheme…
…Kebbi , Osun States are pilot states- Minister The Federal Government has announced plans to commence a Gold Purchase Scheme early next year, aimed at increasing revenue accruable from the country’s abundant gold deposit. The scheme, according to the Minister of Mines and Steel Development, Dr Kayode Fayemi, would include equipping of the artisanal miners, …
TEXT OF SPEECH AT 2017 END OF YEAR MINISTERIAL BRIEFING
Protocols and Introduction Distinguished ladies and gentlemen, I, together with my colleague, Hon. Abubakar Bawa-Bwari, Minister of State, welcome you to today’s media briefing, which is for the purpose of giving accounts of our stewardship over the past 12 months, and sharing highlights of our plans and projections for the Nigerian Mining sector in …
MCO Suspends receipt of New applications for Mineral Titles
This is to inform all operators in the Mining sector and the general public, that, there will be temporary suspension of receiving of new applications for Mineral titles from 19th December, 2017 to 8th January, 2018. This is to enable a system upgrade withing this period. We regret all inconveniences this temporary suspension towards better …
INTERVIEW: Kogi, Ogun and Plateau are currently the richest in solid minerals, says Fayemi
The minister of mines and steel development, Kayode Fayemi, PhD, is full of hope and expectation that Nigeria’s solid minerals are finally going to take their place of pride with the groundwork that has gone into the sector in the last two years. He also speaks on his rumoured governorship ambition in Ekiti state, where …
Be Patient With Government Mining Calender, FG Appeals To Nigerians
The federal government through the Minister of Mines and Steel Development, Dr Kayode Fayemi has appealed to Nigerians to be patient with government as ‘mining calendar’ do not align with the ‘electoral calendar’. He said this is because mining is not a 4year agenda, as exploration might sometime last for 10 years in some cases …
Nigeria’s export value increases by 13.19% in Q3 – NBS
Nigeria’s trade value in exports increased to N3.573 billion in Q3 of 2017 representing a 13.19% increase over Q2 of 2017 and 35% over Q3 of 2016. According to a report released by the National Bureau of Statistics in Abuja yesterday, agricultural export value in Q3 2017 stood at 38.43% lower than Q2 3017 but …