Miners Association Calls For Local Investors Participation To Boost Steel Sector
The Miners Association of Nigeria, MAN, says the Federal Government resolution to stop importation of steel products into the county will enhance the development of the mining sector.
President of the Association Alhaji Kabiru Kankara made this known in an interview with Radio Nigeria in Abuja.
Alhaji Kankara explained that the clerision would enable government to attain self-sufficiency in steel production.
The MAN, President who explained that mining was capital intensive stressed the need for local investors to invest in the country’s steel sector to check capital flight.
Alhaji Kankara added that with the participation of local investors in the steel sector would also fast-track the nation’s path to industrialisation.
He also commended the Federal Government efforts in lifting about 100 million Nigerians out of poverty in the next 10 years through the diversification of the nation’s economy from crude oil to solid minerals exploration and exportation.
Alhaji Kankara further explained that if all the revenue generated from over forty-four mineral resources in Nigeria are properly harnessed, it would increase the revenue base of the country.
“The blockage of mineral revenue leakages and proper recording would boost the economy and encourage more people to go into mining which would lift the masses out of poverty” Kankara stressed.
He therefore, appealed to the bank of industry to eliminate the bottleneck associated with the federal government intervention fund released for artisanal miners to boost the sector.
BY: GEORGINA HUMPHREY