Group wants FG to fund solid min­er­als

Daily Trust - - BUSINESS - By Ade­mola Ade­bayo

IPAD Nige­ria Mining Fo­rum in part­ner­ship with Price Wa­ter Coop­ers (PwC) has urged the fed­eral govern­ment to ini­ti­ate the fund­ing of the Solid Min­er­als De­vel­op­ment Fund to re­flect the in­vest­ment drive in the sec­tor.

The fund, which was cre­ated by the Nige­rian Min­er­als and Mining Act 2007 and for­malised in 2013, is yet to be funded by the fed­eral govern­ment.

The group, in its lat­est rec­om­men­da­tion to the Min­istry of Solid Min­er­als De­vel­op­ment, also wants govern­ment to en­sure the min­eral test­ing lab in Kaduna is ac­cred­ited and en­abled to run with out­put com­pa­ra­ble with global stan­dards.

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