• Contact Us
  • About Us
Monday, April 27, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

Stakeholder wants FG to formulate policies to regulate mining sector

metro by metro
June 25, 2019
in Economy
0
0
SHARES
0
VIEWS

Iron Ore MiningShehu Abui, the Danmasani of Marwa, Kaura Local Government Area of Kaduna State, has urged the Federal Government to formulate policies to regulate the country’s solid minerals and mining sector.

He made the call in an interview with the News Agency of Nigeria (NAN) on Tuesday in Abuja, saying that mining contributed significantly to the country’s economy before the discovery of oil in commercial qualities.

Read Also

Naira Records Lowest Loss In Three Weeks

FG Eyes ₦700bn Via April Bonds

Nigeria’s Budget  System Archaic,  Drives Unsustainable Deficit-Ugwudioha

“If you go to Plateau and some parts of Kaduna state, mining had started, even in Zamfara and Kastina, though not regulated, but they need to be regulated by the government just like the oil industry.

“The truth is that some 50, 60 years ago, Nigeria was very dependent on mining, for example in Plateau, we had tin mining and in the East we had coal mining.

“It was very important for the economy in addition to cocoa production in the West and groundnut and cotton in the North and palm oil in the East.

“If you go to Plateau now, you will see where tin was excavated,” Abui, a former Editor-in-Chief of NAN said.

He said that though mining contributed a lot to the country`s economy in the past, it was ignored when the production of oil came.

Abui said it was however, heartwarming that people had started going back privately into mining, but needed to be regulated.

He maintained that there was huge mining potential in country that could boost its economy and development if effectively harnessed, saying that all that was needed was political will.

He expressed optimism that with people like the newly elected president of the Nigeria Mining and Geosciences Society (NMGS), Mr Obadiah Nkom, there was hope for the country’s solid mineral sector.

Abui who said he had known Nkom over the years as a man determined to explore the sector, said with him as NMGS president, results would be produced in the solid mineral sector.

He expressed happiness that with the election of Nkom as the 30th president of the NMGS, the country`s solid mineral potential would be effectively harnessed.

“He is not just an engineer with determination to make things happen, but a traditional title holder, he is the Ajia of Marwa in Kaura Local Government Area of Kaduna State.

“He had been identified a long time ago as somebody who is determined to serve the country and his immediate community,” Abui said.

NAN reports that Nkom, also the Director-General Nigeria Mining Cadastre Office (MCO), was elected as the NMGS 30th president in March at its 55th Annual International Conference in Enugu.

Nkom at his investiture on Saturday recalled that mining was one of the main-stay of the country’s economy, leading to the establishment and development of cities such as Jos and Enugu where generations were raised.

He noted that the country prior to the discovery of oil and gas in commercial quantity was known for its tin, columbite, and coal.

According to him, political will and a determined populace desirous of forgoing current short-time pleasure and comfort for a secured and sustainable future is required to achieve the full potential of the country’s solid mineral deposits.

“To achieve this, there is the need for the Federal Government to formulate a licensing policy to encourage oil companies to becoming petro-chemical producers rather than extractors and exporters of crude.’’

Tags: mining sector
Previous Post

KEDCO engages 5 firms to supply meters to customers

Next Post

CCT halts planed arraignment of Sen. Peter Nwaoboshi

Related Posts

UBA, Fidelity, Others Extend Workdays As CBN Insists On January 31 Deadline For Depositing Old Naira Notes
Economy

Naira Records Lowest Loss In Three Weeks

April 25, 2026
Debt Management Office
Economy

FG Eyes ₦700bn Via April Bonds

April 23, 2026
FG Intensifies Moves To Avert Looming Inflation Protests Amid Hide & Seek Game In Week Of Decision
Economy

Nigeria’s Budget  System Archaic,  Drives Unsustainable Deficit-Ugwudioha

April 19, 2026
N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 
Economy

N34trn Revenue  Leak Sparks Outrage As ActionAid Demands Forensic Audit Of Nigeria’s Finances 

April 17, 2026
Next Post

CCT halts planed arraignment of Sen. Peter Nwaoboshi

NGX Group Shareholders Consider 2025 Financial, Dividend, Retiring Directors, Others At 65th Annual General Meeting

April 26, 2026
Trump Releases CCTV Footage, Images Of Suspect In White House Shooting

Trump Releases CCTV Footage, Images Of Suspect In White House Shooting

April 26, 2026
The Man, Cole Tomas Allen, Suspect In White House Correspondents’ Dinner Shooting

The Man, Cole Tomas Allen, Suspect In White House Correspondents’ Dinner Shooting

April 26, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version