Govt To Inject Funds, Create Good Market Environment ForMmining

Govt To Inject Funds, Create Good Market Environment ForMmining

The Federal Government is considering massive injection of funds and creation of good market environment to boost mining activities in the country, according to Minister of Mines and Steel Development, Dr. Kayode Fayemi.

Fayemi, who maintained that besides cement, there were serious mining activities for other minerals across the country, noted for instance, that Benue, Nasarawa and Cross Rivers states had large quantities of barytes to satisfy the needs of the oil and gas companies.

The minister stated this as he announced government’s plan to give tax holidays to miners in the country during a meeting with members of the Association of Miners Processors of Baryte, AMAPOB, in Benue State, which was also attended by the Minister of State for Mines and Steel Development, Hon. Abubakar Bwari.