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Govt Plans Another N20bn On Mining Exploration, Minister Says

Minister of Mines and Steel Development, Dr Kayode Fayemi says the federal government  plans to spend additional N20 billion on mining data exploration.
This would help to further generate information on other aspects of exploration which has been a challenge in the sector, the minister said.
“We believe it will lead to further information being generated and further data being provided, in those area of exploration which have been a challenge,” he said.
Speaking at a forum Thursday in Abuja, Dr Fayemi said the Buhari-led government has paid for, and retrieved aerial survey that was conducted years ago, but which the previous government failed to pay for. The survey he said, would be useful to investors in the mining sector.
He also announced that Nigeria now lead in regional efforts to develop mining, especially within the framework of the Africa Mining Vision (AMV).
Fayemi said, “Existing technical partnerships have been operationalised with the governments of South Africa, China, Australia, Canada, the UK and US. Nigeria now takes the lead in regional efforts to develop mining, especially within the framework of the Africa Mining Vision.
“It is noteworthy that in addition to funding support from multilateral agencies, partnerships on technical cooperation have also been brokered or re-activated with several foreign governments.”

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