Federal Government, FG, has expressed willingness to continue its partnership with the World Bank in the development of the Solid Minerals Sector.
The Minister of Solid Minerals, Dr. Kayode Fayemi, disclosed this to Pilot via media release issued by the Ministry’s Deputy Director, Mr. Ambrose Momoh, indicating that the Minister received a team from the World Bank led by its Country’s Director for Nigeria, Mr. Rachid Benmessaoud in his office.
Dr. Fayemi, along with the Hon. Minister of State, Abubakar Bawa Bwari, acknowledged the support which the Financial Institution had so far given to infrastructural development in the sector through the Ministry.
He further said that the volume of information they had received in over a week’s departmental briefings indicate the need to prioritize and do more to realize Mr. President’s mandate and move the Sector forward.
Earlier, the Country Director, Mr. Benmessaoud stated that they were mindful of President Buhari’s emphasis on Agriculture and Solid Minerals, adding that one good thing about the Sector was that it was a regional development project on its own which creates opportunities in jobs, infrastructure and other positive linkages.
He later acknowledged the challenge of low, global commodity prices and its impact on attraction of investment and said that it called for a creative approach to be able to move ahead.
The Country Director then advised on the need for a differentiated strategy for big, medium and small-scale mining entities and requested for the commencement of communication that would lead to means the World Bank could assist in response to the Ministry’s requirements.
Mr. Benmessaoud, said the team was delighted to meet the Minister given his visionary leadership during his previous responsibility as Governor of Ekiti State.