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FG’ll develop `priority minerals’ to boost Nigeria’s GDP, says Fayemi

Abuja – The Minister of Solid Minerals Development, Dr Kayode Fayemi, says the Federal Government will develop “priority minerals’’ to boost Nigeria’s Gross Domestic Products (GDP).

Fayemi said this on Thursday in Abuja.

He ruled out the feasibility of one mineral, one local government under the present dispensation, saying that it is not “pragmatic”.

“I will focus on priority minerals and develop the priority minerals and see what our exploration produces.

“It is exploration that should guide mining; we should not just do mining as a political project.

“The notion of putting one mineral per local government assumes that we have these minerals in commercial quantity in every single of the 774 local government.

“I don’t believe that is true, I hope it is true.
“But we will be able to find out if we undertake geological, geo-technical surveys.

“I will focus on exploration.

“Our day’s job is research, and as a researcher, I am trained to follow what I see.

“ It has to be evidence-based and empirically determined and independently verified.’’

He stressed that plan is underway to convert the Mining Inspectorate Division, to a commission or an agency as part of moves to encourage investors.

According to him, the Mining Inspectorate Division, is as old as the Geological Survey Agency of the ministry.

“We feel it should become an autonomous body, whether a commission or an agency, there is something we are considering for the division.’’


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