Fayemi, NEITI partner to reform sector

Posted by News Express | 19 January 2016 | 2,550 times

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The Minister of Solid Minerals, Dr. Kayode Fayemi, says plans are underway to revamp the solid minerals sector, as an alternative sector for revenue generation and jobs creation for Nigeria in the face of dwindling oil prices.

Dr Fayemi disclosed the plans at a meeting with the acting Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), on Monday.

At the meeting with Mr Ogbonnaya Orji, Dr Fayemi said that a guided needs- assessment and strong policy formulation was required to increase the level of opportunities in the sector.

Mr Orji, however, presented NEITI’s survey of the sector to the Minister with recommendations which he said were aimed at reforming the sector to establish a fiscal regime, fast track development and ensure adequate monitoring among other things.

(Channels TV)

•Photo shows Dr Fayemi.

Source: News Express

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