Buhari, who spoke while receiving the national executive members of the Nigerian Mining and Geosciences Society (NMGS) at the State House, Abuja, also expressed delight with the ongoing formalisation of illegal mining as a way of curbing its implications on national security, revenue generation, the environment, health and safety of the citizens. A statement signed by Senior Special Assistant on Media and Publicity, Garba Shehu, quoted the President as saying that his administration has been vindicated in its assumption that the nation’s endowment in mineral resources, the mining and solid minerals sector have the potential to create employment, increase revenue and reduce poverty.
According to him, Buhari attributed the successes recorded so far to the Federal Government’s policy of increasing budgetary allocation to the Ministry of Mines and Steel Development, formalisation of illegal mining; approval of funds from the Natural Resources Development Fund to support small miners and enhancing capacity and human capital development.
The President, he said, also noted that the strengthening of the regulatory framework, enhanced transparency in the licensing process, and the ease of doing business played significant roles in the achievements recorded in the mining sector.
Read full article at: https://guardian.ng/news/our-mining-policy-is-showing-positive-results-says-buhari/
