Minister of Solid Minerals Development, Dr. Kayode Fayemi, has said that many Nigerian banks will set up solid minerals desks before the end of this year.
Fayemi announced this while receiving President of the Nigerian Mining and Geo-sciences Society (NMGS), Prof. Gbenga Okunlola, on Tuesday in Abuja.
He said the proposed desks would assist the sector as investors would have access to funds and professional counseling.
The Minister said the banks’ Chief Executives had assured to collaborate with the ministry to set up solid minerals desks.
He urged the NMGS leadership to avail the sector with experts to move it forward, strengthening and capacity building.
“It is no longer business as usual. We will implement the Nigerian Mining and Minerals Act (2007) to the letter,” he said.
Earlier, Okunlola pledged that the NMGS would support the plan to realise President Muhammadu Buhari’s effort to diversify the economy and create jobs through solid minerals.
According to him, the society is convinced that Fayemi will bring the desired turn around to the sector based on his wealth of experience.
