Mining: FG’s policies earned investors’ confidence – SMDF


The re-election of President Muhammadu Buhari is an impetus that has opened the gateways to the realisation of the long-standing aspiration of the country to revive the Nigerian mining sector, such that it becomes a reliable source of revenue generation, the Chairman, Board of the Solid Minerals Development Fund, Alh Uba Saidu Malami has said.

Malami, who made the statement an interview with our correspondent on Wednesday, in Abuja, said the Solid Mineral Development Fund has been repositioned to play a vital role alongside other agencies of government.

He called on commercially resourceful youth and investors to take advantage of the employment opportunities afforded by the mining sector through support from the Fund, saying that there is role for people who desire to play a role in the goal of diversifying the Nigerian economy through development of mining activities.

He assured prospective investors of a fully reinvigorated SMDF, saying the Fund will actively support the sector with proactive programmes, collaborations and engagement of local and international stakeholders. 

He explained that “through the execution of the carefully thought-out plans articulated in the Roadmap for the Growth and Development of the Nigerian Mining Sector,” the administration was able to demonstrate ideological commitment to development of the sector, while also matching words with action by effective implementation of the Roadmap.

The Chairman said: “The policies of the President Buhari administration has strengthened the confidence of investors in the mining sector, it has also invigorated the confidence of the public in the viability of the solid minerals sector to diversify the Nigerian economy,” adding that President Buhari’s re-election has given expression to the much-desired policy stability in the mining sector.

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