Mining sector to create 300,000 jobs, says Fayemi

The Minis2016_10_28_18565ter of Mines and Steel Development, Dr.Kayode Fayemi has maintained that mining sector would provide over 300,000 jobs and millions of indirect employment for Nigerians be­fore the end of the year.
Fayemi who disclosed this at 1st Nigeria Mining Week, or­ganized by Miners Associa­tion of Nigeria, in partnership with Dolf Madi Consulting in Abuja, said all hands must be on deck to generate and create wealth.
Represented by Minister of State, Bawa Bwari, he said, “in mining sector, our guiding principle is to re-position the sector to achieve our mandate of increasing contribution to Gross Domestic Product, GDP and deliver shared prosperity to stakeholders.”
According to him, the road­map would provide a pathway for sustainable turnaround and growth of mining and met­al sectors over the short, me­dium and long term, adding that the conference would ad­dress some of the priority areas of the document.
“Yes, there are quick-win in the industry which we have al­ready started achieving. The debate continues on how we missed the opportunities in the past to leverage the vast resources to industrialize and become a great nation”, he re­marked.
He said: “We have since 1999 begun to find our way out of the woods and the sector is wit­nessing some positive develop­ment and we are building on  the efforts already established by ministerial predecessors.”
He therefore, argued that government as an adminis­trator-regulator in partnership with private sector would em­bark on reforms of existing Acts supporting body of regulation designed to give Nigeria a com­petitive legal and framework for the sector.
On actions so far taken to fine-tune the sector, he said, they have identified key chal­lenges hindering it from signifi­cantly contributing to GDP and outlined strategies with time­lines to tackle them during pe­riod.
He revealed, arrangements are being concluded to sign a Memorandum of Under­standing (MoU) between Ni­geria Geological Survey Agen­cy and its Chinese counterpart on a geosciences data genera­tion programme.
“This is in addition to the for­malization and extension ser­vices being rendered by Arti­sanal and Small Scale Mining Department of the Ministry for the purpose of making artisanal operations safer and sustainable in the country,” he added.
Also, Mr. Ola Alokolaro, Managing Partner Head of En­ergy and Infrastructure Group said there 34 identified miner­als that can both be used dras­tically in the construction sec­tor and exported to earn much needed foreign exchange.
 He said lack of road and rail infrastructure posed a hinder and to mining sector.
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