FG approves N12.7b for mineral exploration

FG approves N12.7b for mineral exploration

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The Federal Government has approved the sum of N12.7 billion for mineral exploration data generation for investors and operators in the mining sector.

Speaking during an interview with newsmen in Abuja, Minister of State for Mines and Steel Development, Abubakar Bwari, said the approval was geared towards the Muhammadu Buhari-led administration’s mandate to create jobs, raise the sector’s contribution to the GDP and promote sustainable mining.

Bwari maintained that continuous collaboration with knowledgeable stakeholders in the mining sector would no doubt make the government’s journey on the road to shared mining prosperity faster and more productive.

“This administration has made data generation, retrieval and storage a priority and has continued to invest hugely in the mining sector. As our sources of funding improves, we intend to continuously increase the amount of money we spend on this verification component of mining.

Speaking during an interview with newsmen in Abuja, Minister of State for Mines and Steel Development, Abubakar Bwari, said the approval was geared towards the Muhammadu Buhari-led administration’s mandate to create jobs, raise the sector’s contribution to the GDP and promote sustainable mining.

Bwari maintained that continuous collaboration with knowledgeable stakeholders in the mining sector would no doubt make the government’s journey on the road to shared mining prosperity faster and more productive.

“This administration has made data generation, retrieval and storage a priority and has continued to invest hugely in the mining sector. As our sources of funding improves, we intend to continuously increase the amount of money we spend on this verification component of mining.

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