World Bank approves $150m for Nigeria’s mining sector

1

The World Bank on Wednesday approved 150 million dollars credit to help increase the mining sector’s contribution to the Nigerian economy, Daily Trust reports.

A Senior Communication Officer of the bank, Ms Olufunke Olufon said in a statement in Abuja that the project would help to establish a strong foundation for mining sector development in the country. Olufon said that credit would also enhance competitiveness by improving information infrastructure and knowledge of mining.

She said that it would equally help in strengthening key government institutions and foster domestic investments in the sector. “The project will help develop measures for formalising; regulating and inventorying artisan and small-scale mining; facilitate the flow of mineral transactions and facilitate access to finance.”

“It will facilitate access to technology and equipment; increase knowledge and support the mining and processing of the minerals in accordance with best practices,’’ Olufon said. Olufon said that the expected results include the ability to attract and develop mineral transactions on medium and large mining operations and any other mining related investments.

 

 

Share.
  • CUS T O M-AUCTI0N-MARKET

    .kunb0 ve.hicles at che@p ra.tes G0lf2, 3, 4, 5
    G_0_I_f 2, 3, 4, 5 from N2OO-N3OO,OOO
    To_yo_ta La_nd Cru)iser-N65O,OOO
    To_yo_ta Prado N63O,OOO
    To_yo_ta Co_ro_l_la –N4OO,OOO
    To_yo_ta Cam_ry –N3OO,OOO-N57O,OOO
    To_yo_ta Avensis – N4OO,OOO-N6OO,OOO
    To_yo_ta Yar_is – N5OO,OOO
    To_yo_ta Ava_nza – N5OO,OOO
    To_yo_ta RA_V4 SUV –N65O,OOO
    To_yo_ta Hil_us Pic_kup-N8OO,OOO
    G0lf2, 3, 4, 5
    G_0_I_f 2, 3, 4, 5 from N2OO-N3OO,OOO CONTACT: MR UMAR I. ABUBAKAR 07063495356

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...