• Home
  • News
  • Entertainment
  • Sports
  • Politics
  • Business
  • Jobs
  • Food
  • Health
  • Classified
  • Faith
Friday, February 26, 2021
Everyday.NG
ADVERTISEMENT
  • Home
  • News
  • Entertainment
  • Sports
  • Politics
  • Business
  • Jobs
  • Food
  • Health
  • Classified
  • Faith
No Result
View All Result
  • Home
  • News
  • Entertainment
  • Sports
  • Politics
  • Business
  • Jobs
  • Food
  • Health
  • Classified
  • Faith
No Result
View All Result
Everyday.NG
No Result
View All Result
Home Business

North unserious about economic diversification -Sokoto Commissioner

Admin by Admin
17 May 2017
in Business
1
North unserious about economic diversification -Sokoto Commissioner
0
SHARES
47
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

From Remi Adebayo, Kaduna

●Minister says sector crucial to FG’s economic diversification policy

Despite its huge solid mineral deposits and the commitment of the federal government at pursuing the development of the non-oil sector, the North is not prepared to diversify its economy, Sokoto State Commissioner of Solid Minerals, Bello Mohammed has said.

The Commissioner expressed this view at the First Northern Nigeria Solid Minerals Fair and Workshop going on at the Kaduna International Trade Fair Complex.

Mohammed remarked that businessmen, policy makers and political leaders in the region were only paying lip service as there are no visible action to back all the talks about diversification.

“The North is not yet ready to support President Buhari’s government. It is evident by not registering presence overwhelmingly in this hall,” he said.

He regretted that although the North boasts of 90 per cent of solid minerals in the country, a fact that can greatly boost its bargaining power in the union of Nigeria, the region seems comfortable depending on revenues from the Federal Government.

The Commissioner expressed the commitment of the Sokoto State government under Governor Aminu Waziri Tambuwal to embracediversification of the economy by paying adequate attention to solid minerals development as well as agriculture.

Earlier, in his keynote address, Minister of Mines and SteelDevelopment, Dr. Kayode Fayemi said development of the solidminerals sector holds the key to successful implementation of theFederal Government’s economic diversification policy.

Represented by Director of Mines Environmental Compliance in theMinistry, Engr. Sallim Ade Salaam, Fayemi said government isdeveloping the sector to compliment revenue from the oil and gas sector.

Reeling out incentives for investors in the mining sector, the Minister said, “In order to achieve this, adequate regulatory frameworks andinvestment friendly policies have been put in place to attract genuineinvestments and fast tract effectiveness in the sector.

“These policies include security of tenure of mineral titles; transparentprocedures for granting access to mineral titles on first come first servebasis; internationally competitive mining incentives; comprehensivegeosciences data of mineral deposits and other locations in Nigeria;deferred royalty payments; exemption from Customs and Import Dutiesfor plant, machinery and equipment for mining operations; three to fiveyears tax holiday and tax concessions and many more.

“The need to adequately harness and develop these minerals coupledwith the federal government’s efforts to diversify the nation’s economyfrom her over dependence on revenue from oil led to the establishmentof the former Ministry of Solid Minerals Development in 1995, whichlater transformed to Ministry of Mines and Steel Development in 2005.

“The states in the federation can also take advantage of the availableopportunities in the solid minerals sector to create wealth through theformation of special purpose vehicles (SPV) or joint joint venturethrough public private partnership and obtain mineral titles to operate,extract, beneficiate and create jobs for the men and women in thestates,” he advised.

Quoting the Bureau of Statistics, Fayemi said solid minerals rankedamong few other thriving economic sectors in spite of the economicrecession.

Minister of State in the Ministry, Hon. Abubakar Bawa Bwari praisedthe efforts of the organisers for creating the platform to promote thedevelopment and exploration of solid minerals.

Mr. Luka Abu, director, Nigerian Geological Survey Agency, Kaduna,who represented the minister reminded the audience that Nigeria used tobe the sixth producer of tin metal and columbite based on large tin oreexploration on the plateau and parts of Kaduna Bauchi, Nasarawa andKogi states.

He lamented that the decline in this status was attributed to neglect in mining after the discovery of oil and gas as well as the indigenizationdecree of the 1970s which forced foreign miners out of the country.

In order to correct this, Bwari said the Buhari Administration hadapproved a Roadmap aimed at restoring stability and market confidencein the sector and re-establishing Nigeria as a competitive mining andmineral processing centre while returning the country to the globalexport market for trading in refined metals and minerals.

Welcoming participants earlier, President of the Kaduna Chamber of Commerce, Industry, Mines and Agriculture, Dr. Farida Dankaka described the workshop and fair as timely.

According to her, if properly tapped into, solid minerals would not only be a major source of revenue for the country, but one of the largest employers of labour to reduce unemployment through windows of several opportunities.

The three-day fair and workshop organised by the Kaduna Chamber of Commerce, Industry, Mines and Agriculture and Proedge Limitedcontinues today and will end on Thursday.

ADVERTISEMENT
Previous Post

Mental Health: Show empathy with victims, Group urge Nigerians, FG

Next Post

Why we are restricting protesters at Unity Fountain Park by Police; how we did it, SOKAPU

Admin

Admin

Next Post
Why we are restricting protesters at Unity Fountain Park by Police; how we did it, SOKAPU

Why we are restricting protesters at Unity Fountain Park by Police; how we did it, SOKAPU

Comments 1

  1. Gbade Akanbi says:
    4 years ago

    The picture of Nigeria showing the north as the green shaded portion appears misleading. In a correct geography, there is north, east, west, South, and the central region. The green shaded area being depicted as North does not appear correct in my view. States such as Kwara, Kogi, Benue, Plateau, Abuja, and even Niger are really not northern Nigeria but central Nigeria. This incorrect definition of our geography in Nigeria is what has contributed to the inequality in our political equation as well. I believe our respected media should help in correcting this wrong definition. Thank you.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
UN says US bigger killer of Afghan civilians than Taliban

(Viral video) Is this frightening message for the whole world or America?

7 July 2020

Woman raped by herdsmen In Anambra dies; as viral video, incessant rape builds tension

1 July 2020

(Interview) Gideon Para-Mallam insists Presidency got it wrong on CAN, praises Kukah

11 January 2020

Scandalous video on Success school; govt sacks head-teacher as girl gets help

20 March 2019
“Devaan says,” debuts….I was deceived, what do I do?

“Devaan says,” debuts….I was deceived, what do I do?

6
Restructuring: why it won’t work here

Restructuring: why it won’t work here

3
Diary of an angry and frustrated graduate

Diary of an angry and frustrated graduate

3
Govt, Christian bodies meet over controversial school curriculum

Govt, Christian bodies meet over controversial school curriculum

2

As Police confirm 317 school girls abducted, Senate Deputy Whip, Lalong weigh in, Gumi disowns group

26 February 2021
Osinbajo’s exact words on the cryptocurrency controversy

Osinbajo’s exact words on the cryptocurrency controversy

26 February 2021
(Video) Shocker: VP Osinbajo backs cryptocurrency, prefers regulation rather than ban from CBN, says it’s goose that lays the golden egg

(Video) Shocker: VP Osinbajo backs cryptocurrency, prefers regulation rather than ban from CBN, says it’s goose that lays the golden egg

26 February 2021
Federal High Court Chief Judge, Tsoho Mourns, as his immediate predecessor, Justice Kafarati, dies

Federal High Court Chief Judge, Tsoho Mourns, as his immediate predecessor, Justice Kafarati, dies

26 February 2021

Recent News

As Police confirm 317 school girls abducted, Senate Deputy Whip, Lalong weigh in, Gumi disowns group

26 February 2021
Osinbajo’s exact words on the cryptocurrency controversy

Osinbajo’s exact words on the cryptocurrency controversy

26 February 2021
(Video) Shocker: VP Osinbajo backs cryptocurrency, prefers regulation rather than ban from CBN, says it’s goose that lays the golden egg

(Video) Shocker: VP Osinbajo backs cryptocurrency, prefers regulation rather than ban from CBN, says it’s goose that lays the golden egg

26 February 2021
Federal High Court Chief Judge, Tsoho Mourns, as his immediate predecessor, Justice Kafarati, dies

Federal High Court Chief Judge, Tsoho Mourns, as his immediate predecessor, Justice Kafarati, dies

26 February 2021

Contact us

Everyday.NG

Do you have information, advertisement, event, report, video, or article to share? Please reach Nigeria Everyday (www.everyday.ng) through:
Tel. +234 8022198060
WhatsApp +234 8022198060
Email: info@everyday.ng; matsilas@gmail.com.

Please note that all articles tagged ‘Opinion’ do not necessarily represent the views and opinions of Nigeria Everyday (www.everyday.ng), they are the views and position of the writer

Follow Us

Browse by Category

  • Agriculture
  • Business
  • Classified
  • Culture
  • Education
  • Entertainment
  • Faith
  • Features
  • Food
  • Health
  • Jobs
  • News
  • Obituary
  • Opinion
  • Politics
  • Social Media
  • Sports
  • Uncategorized

Recent News

As Police confirm 317 school girls abducted, Senate Deputy Whip, Lalong weigh in, Gumi disowns group

26 February 2021
Osinbajo’s exact words on the cryptocurrency controversy

Osinbajo’s exact words on the cryptocurrency controversy

26 February 2021
  • Privacy Policy

© 2019 Nigeria Everyday - Truth Begets Freedom

No Result
View All Result
  • Home
  • News
  • Entertainment
  • Sports
  • Politics
  • Business
  • Jobs
  • Food
  • Health
  • Classified
  • Faith

© 2019 Nigeria Everyday - Truth Begets Freedom