Post by Trade facilitator on Jan 31, 2018 10:26:20 GMT 1
NEED TO TASK GOVERNMENT ON SOLID MINERALS TO BOOST EXPORTATION AND EARN MORE FOREIGN EXCHANGE
The National Chambers of Commerce, Mines and Industries (NACCIMA) have urged the Federal Government to immediately concentrate more on the development of the solid mineral sector. It gave the charge recently in Lagos while addressing newsmen on the 57th edition of NACCIMA AGM and annual conference coming up. The federal government was advised on the promotion and development of solid minerals exploration and exportation in a veritable strategy towards economic diversification.
The suggestion is very apt considering the fact that Nigeria has neglected for too long solid mineral development. Promotion of solid mineral development will therefore go a long way to diversify the economic base of the country faster than expected if well attended to.
Because of abundance of these economic resources which are spread across the entire country up to a point, there is no state in the federation including the FCT that does not have one solid mineral resources or the other in large quantity. Over the years these solid minerals resources have remained grossly under explored and have been massively exploited. It s therefore time that we promot the development of these minerals which have the potentials to take over from oil and gas if indeed Nigeria is to achieve her targeted goal of becoming of the 20th most developed economies by 2020.
On this note, government should invite and encourage the investing communities to come and invest in the vast and varied solid mineral resources taking advantage of numerous attractive incentives that government continue to provide.
The National Chambers of Commerce, Mines and Industries (NACCIMA) have urged the Federal Government to immediately concentrate more on the development of the solid mineral sector. It gave the charge recently in Lagos while addressing newsmen on the 57th edition of NACCIMA AGM and annual conference coming up. The federal government was advised on the promotion and development of solid minerals exploration and exportation in a veritable strategy towards economic diversification.
The suggestion is very apt considering the fact that Nigeria has neglected for too long solid mineral development. Promotion of solid mineral development will therefore go a long way to diversify the economic base of the country faster than expected if well attended to.
Because of abundance of these economic resources which are spread across the entire country up to a point, there is no state in the federation including the FCT that does not have one solid mineral resources or the other in large quantity. Over the years these solid minerals resources have remained grossly under explored and have been massively exploited. It s therefore time that we promot the development of these minerals which have the potentials to take over from oil and gas if indeed Nigeria is to achieve her targeted goal of becoming of the 20th most developed economies by 2020.
On this note, government should invite and encourage the investing communities to come and invest in the vast and varied solid mineral resources taking advantage of numerous attractive incentives that government continue to provide.
