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

Fayemi: Mining Will Add $27bn to Nigeria’s GDP by 2025

Minister of Solid Minerals Development, Dr. Kayode Fayemi, in this exclusive interview with Chineme Okafor, posited that the mining sector roadmap will pivot Nigeria from a mineral-rich nation to a mineral-mining and processing country. He also revealed that by 2025, the sector could be adding up to $27 billion to Nigeria’s GDP. Excerpts: You’ve been in …

Fayemi: How corrupt govt officials helped ruin Nigeria’s mining sector

With Nigeria’s cash cow, the oil and gas sector, currently experiencing some strain, with declining global crude oil prices exerting pressures on the economy, Nigerians’ attention shifts to the solid minerals sector in search of alternative backing for the economy. The Minister of Mining and Steel Development, Kayode Fayemi, in an exclusive interview with PREMIUM TIMES’ …

Ministry cautions officials over fraudulent activities

The Ministry of Mines and Steel Development has reiterated its commitment and determination to plug all revenue leakages and improve revenue generation from the mining sector. The assurance came against the back drop of criminal activities of some officials of the ministry which was uncovered recently by the underground taskforce team set up by the …

Nigeria and Iran to Strengthen Relations in Mining

The Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari has expressed Nigeria’s interest in strengthening trade relations with Iran especially in the mining sector. The Minister said this when he received the Iranian Ambassador, His Excellency Morteza Rahimi Zarchi who paid a courtesy visit to the Ministry. While expressing appreciation for …

Mining: FG to provide technical assistance to states

Minister of Mines and Steel Development, Dr. Kayode Fayemi, has said that the ministry is set to provide logistics and technical assistance to state governments, in their bid to invest in the mining sector. The Minister who disclosed this on Tuesday when he received Ebonyi State Governor, David Umahi, in his office, said the diversification …

Aligning Fiscal Strategies for Economic Recovery

The recently-concluded National Economic Council on Finance and Development may have lived up to its billing in terms of idea generation and highlighting need for shared vision and alignment of purpose between the federal and state governments, reports Olaseni Durojaiye As handlers of the nation’s economy, experts and operators continue to explore ways of navigating …