The Nation Newspaper No mining licences to investors without plans, says Alake
has said the Federal Government will ban or foreclose on the issuance of mining licences to investors without requisite plans for local value addition.
Alake also said value addition generates employment rather than a few people carting away lithium, gold, and the likes to other countries to sell. These minerals must be processed in Nigeria, creating more value and beneficiation for local communities where they are sourced. Alake applauded the lawmakers for their support in repositioning the mining sector, stressing that changing the economic fortunes of Nigeria is a joint task by both the executive and legislature.He assured the legislators of the significant contribution of sub-nationals to mining development, stressing that state chairmen of Mineral Resources and Environmental Management Committee and five members of the committee are nominated by state governments.
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