Roadmap on solid minerals investment out next year, says Fayemi
MINISTER of Solid Minerals, Dr. Kayode Fayemi yesterday said that the ministry would in the first quarter of next year, come up with a roadmap that would guide local and foreign investors in the mining sector.
Apart from detailing the quantity and quality of mineral deposits in the country, the document, when ready, would also state the categories of mining licences as well as ensure strict adherence to the conditions attached to them, among other things.
Fayemi disclosed this during a meeting with the Canadian High Commissioner to Nigeria, Mr. Perry Calderwood, in Abuja on Tuesday.
The minister, who stated that the country was set to partner Canada and other countries with successful mining industries, said his findings had revealed that Nigeria would earn more revenue and boost its economy if it can effectively block leakages in the sector, ensure adherence to regulatory framework and put in place a thorough supervision of the sector.