MINING Archives - KOKOMANSION MEDIA

FG, Standard Bank, Stanbic IBTC collaborate to Fund Mining

May 18, 2019May 18, 2019Ayo Olowo

As efforts are on course to reposition the Mining and Steel sector to take its pride of place as first among equals in terms of contributions to national economic growth, the Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari has said that government will continue to collaborate with International financial partners […]

FEC approves N230bn for road projects, mining

July 5, 2018July 5, 2018Ayo Olowo

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N230.2 billion for roads projects and mining data in the country. The Minister of Information and Culture, Alhaji Lai Mohammed and the Minister of State for Mines and Steel Development, Alhaji Bawa Bwari, made this known when they briefed State House […]

ILLEGAL MINING: FEC approves purchase of 50 vehicles to check menace

November 23, 2017November 22, 2017Ayo Olowo

The Federal Executive Council, FEC, on Wednesday in Abuja approved N987 million for the procurement of 50 vehicles for Special Mines Surveillance Task Force to check illegal mining activities across the country. The Minister of Mines and Steel Development, Kayode Fayemi, disclosed this when he briefed State House correspondents on the outcome of the Council’s […]

FG approves N30bn for mining sector

October 20, 2016October 19, 2016Ayo Olowo

The Federal Executive Council (FEC) on Wednesday approved N30 billion Intervention Fund for the nation’s mining sector.The Minister of Mines and Steel Development, Dr Kayode Fayemi, who made this known at the end of the FEC meeting in Abuja, said the fund would come from 1.68 per cent of the Federation Account. He said that […]

Mining ministry’s presentation, demoralising – Buhari

August 5, 2015August 4, 2015Ayo Olowo

President Muhammadu Buhari on Tuesday took on top officials of the Ministry of Mines and Steel Development led by the Permanent Secretary, Baba Farouk, on illegal mining in the sector. He described Farouk’s presentation to him that Nigeria’s mining sector had been infiltrated by “illegal aliens” who engage in unlawful mining activities as the most […]

Mining In Nigeria Crippled By Lack of Access To Fund

July 25, 2015July 24, 2015Ayo Olowo

The Kaduna State Chapter of the Miners Association of Nigerian has disclosed that mining activities in the state have been crippled by lack of access to loans from commercial banks. Chairman of the association, Malam Lawal Maiyari said this in an interview with the News Agency of Nigeria (NAN) in Kaduna. According to him, the […]