18 August 2020 By Georgina Humphrey
The Federal Government has pledged its readiness to diversify the economy through the mining sector
Minister of State Mines and Steel Development , Dr Uchechukwu Sampson Ogah made this known at the inauguration of a Joint Technical Committee with the Revenue Mobilization Allocation and Fiscal Commission in Abuja
Dr Ogah explained that the aim was to accelerate sustainable development in the nation’s Solid Mineral Sector.
Dr Ogah urged the Committee to look at areas of synergy that would ensure the sector gets adequate funding for its operations, create jobs and wealth and increase the revenue base of the country,
“When properly funded, the Solid Mineral Sector would not only act as alternative to oil and gas as source of revenue generation for the country, but would create jobs and wealth, increase the revenue base of the country, add to its foreign reserve, reduce poverty and provide industrialization and infrastructure to Nigerians” Dr. Ogah stated.
He tasked the Committee to bring out a Blueprint that would look at ways of generating and actualising funding for the Solid Mineral Sector.
“The funds needed for the Sector to succeed can be achieved if the Ministry gets the full support of the Revenue Mobilization Allocation and Fiscal Commission”
In his closing remarks, the Permanent Secretary of the Ministry, Mr Sunday Akan, thanked the organizers for the promptness in setting up the Joint Technical Committee and gave assurance of the Ministry’s support.
In his reponse, the Chairman of the Joint Technical Committee, Aliyu Abdulkadir, promised that the Committee would work assiduously to achieve the objectives for which it was set up.