Nigeria’s minerals and steel sector has again been identified as a veritable tool for wealth creation and employment generation especially as the federal government intensifies efforts to diversify her economy
Minister of mines and steel development Kayode Fayemi says government’s commitment to address challenges in the sector as an approach to fully maximize its potentials is key.
He said this at the 53rd annual international conference and exhibition of the Nigerian mining and Geo-sciences society in Abuja.
The national bureau of statistics in a recent report identified tangible growth record in the extractive industry and agriculture sectors of the economy. That has further encouraged the federal government in the drive to diversify the economy.
Minister of mines and steel development Kayode Fayemi who represented president Buhari at the 53rd international conference of the Nigerian mining and geosciences society in Abuja says government’s aspiration is to build a world class minerals and mining ecosystem designed to serve a targeted domestic and export market for minerals and ores.
The minister says funding, which is one of the major challenges is being addressed.
While working to resolve issues concerning the Ajaokuta steel company, illegal minning activities in the country, experts say creating enabling environment for investors to thrive is important to the new aspiration.
With the theme “the extractive industry: imperatives for wealth creation and employment generation.” many participants, see the conference as a wake up call to invest in developing the nation’s minerals and metal sectors.