FG to Collaborate with Standard Bank and StanbicIBTC in Funding Mining

0

As efforts are on course to reposition the Mining and Steel sector to take its pride of place as first among equals in terms of contributions to national economic growth, the Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari has said that  government will continue to collaborate with International financial partners to revamp the sector.

The Minister made the assertion while receiving a team from Mining and Metals Corporate and Investment Banking officials of Standard Bank, and Stanbic IBTC in his office on Thursday, 16th May, 2019.

He reiterated the commitment of President Mohammadu Buhari led administration to give the Mining sector the desired priority that would enhance sustainable economic growth.

Bwari informed the team that funding has been one of the major factors mitigating against the development of the sector, but noted the interest of the bank to fund mining in the country was a welcome development.

While thanking the team for their visit, the Minister said: “One of the potent areas we are looking forward to is funding, and I am sure that you are going to be a pace setter when it comes to funding mining operation in Nigeria.”

The minister assured the Executive Secretary, Solid Mineral Development Fund, Hajia Fatima Shinkafi, who facilitated the visit and the team that government will give the necessary support ensuring that the collaboration bring about the desired result.

The leader of the team Mr. Mark Buncombe, who is equally the Global Sector Head, Mining and Metals, Standard Bank, informed the Minister that the main purpose of their visit was to explore areas of collaboration with government in the Mining sector of the country.

He said that the collaboration would no doubt make positive impact in the mining and steel sector that will add value to government’s efforts  to develop the sector.

 

SOURCE

You can share this

Facebook Comments

Previous articleDangote named among greatest leaders on Earth…global leaders laud his public spirit
Next articleKingston Introduces Next-Gen KC2000 NVMe PCIe SSD
We help you make sense of an increasingly complex information world with a wide range of perspectives and stories that will allow you take an informed decision. We are proud of our African heritage and keep our eyes on the world. As online media, we see digitalization as the foremost opportunity to reach new readers, customers, and African emerging markets. We are independent in our approach. Our philosophy is grounded in the principles of a free society, which Africa is coming to terms with yet not losing the essence of what makes us African, which is our culture. ….showcasing the best part of us! www.etimes.com.ng ======================== info@etimes.com.ng ======================== etimes.nigeria@gmail.com Phone: +234 802 893 1940
SHARE