ABUJA- The Federal Government at the weekend, urged miners in the country to embark on joint venture mining to boost rapid development of the sector and also attract foreign direct investment.

This was said by the Minister of Mines and Steel Development, Mr. Musa Sada, during a courtesy visit by the Miners Association of Nigeria, MAN, to the ministry.

Sada said it was now imperative for Nigerian  miners to  form joint  mining  ventures as it is in the oil and gas sector with international  and  local  partners   who  have good  ideas, knowledge, technical  expertise  and  financial  muscles to  grow and develop the mining  industry.

Sada said: “Mining  nations  all  over  the  world  started to  grow  their  mining  industries with joint venture strategy for rapid growth and development, which had at the end attracted direct foreign investments, and now are big players globally. Nigerian miners should also learn from such experiences to facilitate the transformation of this money spinning sector of our economy.

“Miners  and  investors  in  the  nation’s  mining  industry  should  endeavour  to  sign  community  development  agreements  with  the  various  community  development  associations  in   their host  communities  instead  of  with  a  village  or  community  head  to  avoid  unnecessary  clashes  in  their  operations  across  the  country.

“President Goodluck  Ebele  Jonathan  has  the  best  intentions  for  the  development  of  Nigeria’s  mining  industry. Also you should know that Nigeria  has  the  right  mining  geology  in  Sub-Saharan  Africa   for  the  exploration  and  exploitation  of  its  huge  solid  mineral  endowments.”

The minister expressed pleasure over the one day ‘Miners’ Stakeholders Forum’ organised by MAN, which is scheduled for today (Monday) in Abuja. He further stated that big mining events all over the world started with little ideas that have fast-tracked the growth and development of the mining sector in most countries.

He  assured  that  the management of MAN that the ministry would  give  the  necessary  support  and  cooperation  for  the  successful  hosting  of  the  Miners’  Stakeholders  Forum.

Speaking  earlier, President, MAN, Alhaji Sani  Shehu,  said  that  the  purpose  of  their  visit  to the ministry was  to formally inform and invite the minister,  and also to solicit the ministry’s support and cooperation for  the association’s  one  day  stakeholders  forum.


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