The Federal Government is putting in place strategies to encourage investments in the nation’s mining sector.
Specifically, the Nigeria minerals and mining act 2007 and the minerals and metal policy are being reformed to provide the necessary legal framework for private sector investment in the sector.
Speaking at the inauguration of the solid minerals development fund, the minister of mines and steel development, Architect Musa Sada explained that the reform in the sector will provide an alternative to revenue generated from oil and gas.
The chairman of the board, Mr Utsu Adie said that the solid minerals sector contributed 54 billion naira to the country’s gross domestic product between 2007 and 2010.
