President Muhammadu Buhari says the Federal Government’s key policy objective of rejuvenating the mining sector is being realised, Africa Independent Television (AIT) reported.
Speaking on Thursday while receiving the National Executive Members of the Nigerian Mining and Geosciences Society (NMGS) at the State House, the President expressed delight with the ongoing formalisation of illegal mining as a way of curbing its implications on national security, revenue generation, the Environment, Health and Safety of the citizens.
President Buhari, in a statement released after the closed door meeting by his spokesman, Garba Shehu, said his administration has been vindicated in its assumption that the Nation’s endowment in Mineral Resources, the Mining and Solid Minerals Sector have the potential to create employment, increase revenue and reduce poverty.
He attributed the successes recorded so far to the Federal Government’s policy of increasing budgetary allocation to the Ministry of Mines and Steel Development; formalisation of illegal mining; approval of funds from the Natural Resources Development Fund to support small miners; enhancing capacity and human capital development.
The President also noted that the strengthening of the regulatory framework, enhanced transparency in the licensing process, and the ease of doing business played significant roles in the achievements recorded in the mining sector.
The President of the NMGS, Prof. Silas Dada expressed gratitude to President Buhari for being the first Nigerian leader to be conferred with the Society’s Grand Patronship in person.
He commended the Federal Government for the “revitalisation and rejuvenation” of the mining sector in the country, from its “moribund and chaotic state, following years of neglect and abandonment.”
He joined other members of the delegation to confer the laurel on President Buhari who now becomes Grand Patron of the NMGS.
Source: Africa Independent Television