Mandated with the task of reviving the extractive industry, Minister of Solid Mineral Development, Dr. Kayode Fayemi, has unveiled plans to intensify partnership with Australia for the development of the solid mineral sector.
The Minister made this known when the Australian High Commissioner to Nigeria, His Excellency, Jonathan Richardson, paid him a courtesy visit in his office yesterday.
Contained in a press statement issued to Nigerian Pilot Sunday by Deputy Director of Press, Mr. Ambrose Momoh, Dr. Fayemi noted that the present administration’s increased interest in the development of Solid Minerals had necessitated the quest for further collaboration with an experienced partner in the industry, such as Australia.
In identifying the areas where Australia could assist Nigeria, Dr. Fayemi mentioned the Australian example of Federal versus State land tenure and royalty management, capacity building and training as well as development of a robust Mining Data generation and management strategy that could guarantee investor confidence among others.
Earlier, the Australian High Commissioner, Jonathan Richardson, said that his country would like to cooperate with Nigeria in the area of facilitation of international conferences and other relevant ones.
Richardson observed that security, rule of law and enforcement, policy consistency, cheaper and reliable power supply would play very significant role in building and sustaining investor confidence.
He later revealed that over one hundred Nigerians had taken advantage of professional courses ranging from two to three months in specialized areas between 2010 and 2011.

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