Mines minister seeks funding to drive exploration | The Guardian Nigeria News - Nigeria and World News

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The Minister of Mines and Steel Development, Olamilekan Adegbite, is seeking more funding to drive exploration activities in the Nigerian mining sector to de-risk the sector.

He said Federal Government had concluded plans to launch its locally made barite on October 28, as part of efforts to promote Nigeria barites and boost the economy.

He said: “Mining is about data; you can’t do mining without data. It is something that is hidden on the ground. It is important that we engage people and best company that know it to acquire the data for us. And with this, we are de-risking the sector and are able to attract the right investors into the country.

The Director-General, Nigerian Geological Survey Agency/NIMEP Chairman, Dr. Abdulrazaq Garba, said exploration contracts were awarded after passing through ministerial and bureau for public procurement screening processes. “This project ensured the use of international Competent Persons in the execution of the contract and also in the consulting team to ensure compliance with international best practices.”

 

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