The Minister of Mines and Steel Development, Dr Kayode Fayemi says the government has budgeted the sum of N100 million as grants to carry out research in the mining sector in the nation’s universities. He stated at a valedictory ministerial briefing on Wednesday in Abuja, explained that the programme is aimed at creating innovation hubs nationwide and deepens expertise to grow the sector. On accessing artisanal small miners N5 billion loans, the minister denied that government is not aware, adding, Bank of Industry, BOI, has criteria to be met before it is given. On mining sector, Fayemi argued that they have invested a lot of funds in the past two (2) years to ensure that the sector contributes optimally to a strong and virile economy. He also noted they have contributed to a fight against corruption by identifying and bringing economic saboteurs in the mining industry to book and promote unity within the system.

Source: The Guardian May 30, 2018 17:26 UTC