Mindiver: Nigeria Secures $150m World Bank Loan For Programme - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (J.T)
April 10, 2019
The Federal Government has secured 150 milliondollar loan from the World Bank to develop the sector, in a bid to make the miningsector deliver on its responsibility of repositioning the economy.
Besides, the Ministry of Mines & SteelDevelopment said it has also handled the issue of low funding through the 30billion naira  Intervention Fund meantfor exploration to help sectorial growth.
Speaking at a programme organised by theManufacturers Association of Nigeria (MAN) in Lagos, the Minister of State forMines and Steel Development, Abubakar Bawa Bwari, said the Ministry hasundertaken far reaching re- forms and developed strategies to fulfil itsmandate, having been identified as a sector to facilitate the FederalGovernment’s diversification efforts and source of additional revenue.
He said the mandate given to the ministry was toincrease the revenue generation from the sector, broad- en the sector’scapacity to create jobs, and implement policies that will engender sustainablemining.