Kwara Moves To Acquire Mining Sites, Registers 5 SPVs

Date: 2024-01-30

The Kwara State Government has registered five special purpose vehicles (SPVs) as part of moves to acquire viable mining sites and make the state a major producer of solid minerals in Nigeria.

The state governor, AbdulRahman AbdulRazaq, disclosed this in Ilorin, the state capital, on Wednesday.He said each of the 16 local government areas of the state is blessed with abundant viable mineral resources and in commercial quantities, inviting investors to tap into the natural endowments.

AbdulRazaq spoke at the 5th Annual Conference of the National Council on Mining and Mineral Resources Development (NCMMRD) holding in Ilorin, which draws delegates from across the 36 states of the federation.

“We plan to establish a standard mineral market in the state, where all minerals mined from our State will first be registered here before they are transported to other places,” he said.

The governor commended the choice of Kwara to host the council meeting, hoping that resolutions reached at the end of the meeting will rev up development in the sector.He thanked President Bola Ahmed Tinubu for the bold investments to diversify the economy.

“The need to diversify the economy and harness potentials in the solid mineral and other sectors cannot be overemphasized. The excessive reliance on oil has proven to be unhelpful for our country, and I'm glad we appear to have learnt our lessons.

“I appeal to the Honourable Ministers present, the DG MCO, DG NGSA to give us all necessary assistance to actualise our dream of becoming a major solid mineral producing state in the country,” he added.

In his remarks, the minister of State for Mines ans Steel Development, Uba Maigari, said steel is the backbone of modern infrastructure and the foundation upon which other sectors thrive, adding that the industry is key for job creation, community empowerment, and diversification of the economy.

Despite the fact that the sector is facing hurdles ranging from aging infrastructure to an uncertain global market, the challenges are an invitation to innovate, collaborate, and think beyond the ordinary, Maigari said.

“That is why I am here today to call on all of you — miners, manufacturers, investors, policy makers, researchers, citizens and businessmen alike — to join hands in a national mission to revitalize our steel industry,” Maigari added.Earlier, the Kwara State commissioner for Solid Mineral Development, Abdulqowiyu Olododo, had said the state government was collaborating with security agencies to ensure the safety of investors within the Kwara borders.

“I use this opportunity to convey to our esteemed guests that we are wholeheartedly committed to the advancement of solid minerals, thereby harnessing the economic potentials of valuable minerals such as gold, tantalite, and lithium, which are abundant in our state,” he said, adding that “a framework is in place to facilitate works in the state without encroaching upon the existing Federal Mining Act.”

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Bayo Ajia     Harafat E. Mukadam     Odolaye Aremu     Yakub Lai Gobir     Labour Party     Ahmed Bolaji Nagode     Earlyon Technologies     Abraysports FC     Afeyin-Olukuta     Ilorin Anchor Men And Women     Javed Khan     High Court     Yusuf Amuda Aluko     Monkey Pox     Abiodun Abdulkareem     Edu     Ayodele Shittu     Ishola Balogun Fulani     Coronavirus     Ahman Pategi     KWASEIC     Akanbi-Oke     Jaigbade Alao     Adedeji Onimago     Muhammadu Buhari     Wasiu Odewale     Yaru     Funmilayo Zubair     Raji Ayodele Kamaldeen     Ahmad Olanrewaju Belgore     Elerin Of Adanla     Jaiz Bank     Bayo Ojo     Tayo Alao     Ahman Patigi     Jimoh Akani     Abubakar Baba Sulaiman     Leke Ogungbe     Kayode Bankole     Kwara Restoration Project     Offa Metropolitan Club     Tunji Arosanyin     Valsolar Consultoria     Onilorin     Isiaka Danmeromu     Majlis For Sadakah, Zakat And Waqf     Elerinjare     Habeeb Saidu     Baaziki Sulaiman     Kwara North     Aliyu Olatunji Ajanaku     SGBN     Aasiyat Bello Oyedepo     Adebara     IPSAS     CT Ayeni     Halidu Danbaba     Abdullahi G. Mohammad     Segun Olawoyin     Ayeyemi Sulaiman     Salihu Jibril Garbi     S.O. Opowoye     Lawal Olohungbebe     Oyedepo     Waziri Yakubu Gobir     Yusuf A. Usman     Rashidi Yekini     Saka Balikis Kehinde     Kwara Pdp     Zulkifli Ibraheem     Muritala Awodun     Alaro     Lafiagi     Saadu Yusuf     Mustapha Akanbi     Quareeb Islamic Association     Tunde Akanbi    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Saheed Alakoso     Dasuki Belgore     Mufutau Olatinwo     Jimoh Lambe Abdulkareem     2023 Elections     Titus Suberu-Ajibola     Dapo Teni Nig Enterprise     Smart School     Aremu Odolaye     Apaokagi     Michael Nzwekwe     MAI Akande     Fatai Garuba Labaka     Kwara Basketball Association     GANZY     Ghali Muhammed     Mamatu Abdullahi     Yusuf Amuda Aluko     Elewu     IESA     Umar Ayinla Saro     Abdulfatai Salman Baakini     GRA     Igbomina     Samuel Adaramola     Ayo Opadokun     Tosho Yaqub     Valsolar-Kwara Company Limited     Kannike     Babata     V.O. Abioye     Gbenga Awoyale     Alaro     Abdulwahab Olarewaju Issa     AbdulGafar Tosho     Abdulrahman Abdulrasaq     AbdulQowiy Olododo     Third Estate     Nigeria Customs Service     Ilorin Amusement Park     Goodluck Jonathan     Musibau Akanji     TESCOM 2025     Christopher Ayeni     Ilorin Airport     Shettima Of Ilorin     Ilesha Gwanara Road     Bilikisu Oniyangi     MATTA Girls Foundation     Saka Asiat Ayinke     Kaiama     Funmilayo Isiaka Oniwa     Akanbi-Oke     NURTW     Afusat Nike Ibrahim     Isiaka AbdulRazaq     Wahab Isa     KSIRS     Aliyu Olatunji Ajanaku     Cornelius Adebayo     Laduba     Olaoye B. Felix     Hauwa Nuru     Moses Afolayan     Ibrahim Taiwo     Isiaka Saka Opobiyi     Osuwa     Simeon Sule Ajibola     Valsolar Consortium     Yusuf Amuda Abubakar     IPSAS     Kwara North     Abubakar Olusola Saraki     Abdulwasiu Bolaji Adeyi     Na\'Allah     Henry Olaosebikan     Maimunat Oloriegbe