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FG to launch roadmap on minerals sector

30 January 2013, 10:02

Abuja  - The Federal Government on Tuesday said that it would at the end of January 2013 launch a roadmap for the minerals sector to attract more investors in the industry.

This is contained in a statement signed by Marshall Gundu, Deputy Director, Press, in the ministry and sent to NAN in Abuja.

``The exploration and exploitation of Nigeria’s solid minerals resources is important component of a diversified economy.

``It is part of Nigeria’s economic transformation strategy and one of the policy priorities of the Federal government’’, it said.

The statement said that the development of the document was to take advantage of rising international and local commodity prices.

It stated that the ministry of mines and steel development recognised the need for a roadmap for the nation’s minerals sector.

``This is to ensure that the country attained its economic, social and environmental objectives."

The statement said that the road map focused on the exploration, development, exploitation and marketing of the mineral resources of the country.

It said the roadmap would be according to the current government policy which made the private sector owner and operator of solid minerals projects.

It said that the development of the sector would operate on the short term, medium term and long term basis.

According to the statement, when implemented it will assist the sector to contribute at least 10 per cent to the nation’s GDP by 2020 and create about three million jobs by 2015.

It said it would also help in producing raw materials for the industrial sector as well as earn foreign exchange for the country.



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