Nigeria can’t diversify with poor funding of mining, says centre

gold mining

National Metallurgical Development Centre (NMDC) says Nigeria cannot achieve economy diversification with poor funding of mining research.

Its Director-General, Prof. Linus Asuquo, during a media chat in Abuja, noted that for decades, economic diversification has been a policy priority for low and middle-income nations.

He urged the National Assembly to increase funding for NMDC to enable it contribute more to Nigeria’s revenue.

Asuquo observed that the centre, as a citadel of industrialisation, could develop robustly with needed support to halt importation of iron and steel products for the nation’s military and other critical sectors.

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