Nigeria’s Minister of Mines and Steel Development, Dr Kayode Fayemi, Thursday, disclosed that the ministry has generated ₦3.5 billion as of November 2017. Fayemi made this known during the ministry’s 2017 End of Year Media Briefing at its headquarters in Abuja, where he said the ministry surpassed the 2016 target with ₦1.2 billion. The Minister, […]
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The Federal Government Wednesday lamented that the country lost about $9billion in two years on illegal mining particularly on gold exportation. Consequently, the Federal Executive Council, FEC, has approved the procurement of 50 Hilux Vehicles to be distributed to states through the Special Mines Surveillance Task Force to put a stop to the illegal business. […]
Read More The Nigeria Government has secured $150 million (about ₦43.2 billion) loan from the World Bank for the Mindiver Project, the Minister for Mines and Steel Development, Kayode Fayemi, has said Fayemi who stated this at the second Annual Nigeria Mining Week in Abuja yesterday, said the fund will go to strategic interventions in the mining […]
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The Federal Government has offered tax holidays and duty waivers on imported mining equipment to foreign investors in the nation’s mining industry. The Minister of Mines and Steel Development, Dr. Kayode Fayemi, conveyed the offer while speaking on ‘Mining for Shared Prosperity: Why Nigeria, Why Now?’ at the opening session of the Africa Down Under […]
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The Ministry of Mines and Steel Development has signed a Memorandum of Understanding (MoU) with the Bank of Industry (BoI) for the management of a ₦5 billion fund in support of Artisanal and Small Scale Miners in the country. Under the arrangement, the Ministry would contribute ₦2.5 billion which would be matched by another ₦2.5 […]
Read More The Minister of Solid Mineral Development, Dr . Kayode Fayemi, on Thursday informed President Muhammadu Buhari of the $150m loan approved by the World Bank for the country’ s mining sector. Fayemi also used the opportunity of the meeting to update the President of his ministry’s efforts at curtailing the activities of illegal miners. Speaking […]
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The Minister of Mines and Steel Development, Kayode Fayemi, has called on Lafarge Africa, a construction solutions provider in Nigeria, to support the Federal Government’s drive towards ensuring adequate power generation and distribution, particularly in industrial hubs. Fayemi, who made the request during a recent working visit to Lafarge Africa’s Ewekoro Cement plant, praised the […]
Read More The Minister of Solid Minerals Development, Dr Kayode Fayemi, has dissociated himself from unscrupulous activities of some individuals who defraud unsuspecting Nigerians, using phony Facebook accounts in his name, reports according to the News Agency of Nigeria. The Special Assistant, Media, to the Minister, Olayinka Oyebode, said in a statement on Monday in Abuja that the […]
Read More MINISTER of Mines and Steel Development and the former Ekiti State Governor, Dr. Kayode Fayemi, on Tuesday failed to appear before the Ekiti State House of Assembly to defend himself against the allegations that his administration misappropriated N852m Universal Basic Education Commission fund. The Assembly had at its plenary presided over by Speaker Kola Oluwawole […]
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NIGERIA’S Minister of Solid Minerals and Steel Development, Dr. Kayode Fayemi, has revealed that the Federal Government had spent over $10 billion on the Ajaokuta Steel Company since its establishment in 1971. Fayemi made the revelation at the budget defence of the Senate joint Committee on Power and Solid Minerals and Steel Development. He regretted […]
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A former Secretary of the Ekiti State chapter of the Peoples Democratic Party, Dr. Temitope Aluko, has alleged that former President Goodluck Jonathan gave Governor Ayo Fayose N4.7bn cash to prosecute the June 21, 2014 governorship election in the state. According to Punchng, Aluko said the money was used to defeat the then Governor of […]
Read More MR. Kayode Fayemi, Minister of Solid Minerals Development, has promised to block all leakages that smugglers used to export minerals out of the country. Fayemi made the promise while receiving both local and foreign miners in Nigeria on Thursday in Abuja. According to him, a large quantity of Gold is being taken out of the […]
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