APC aspirant unveils five point- agenda for Ondo state

Mr Olamilekan Adegbite, Minister of Mines and Steel Development says the Federal Government has designated seven of the country’s...

Mr Olamilekan Adegbite, Minister of Mines and Steel Development says the Federal Government has designated seven of the country’s strategic minerals to unlock the enormous potential in the mining sector.

“Seven of these minerals have been designated strategic to unlock the enormous potential in the sector, they are coal, iron ore, bitumen, gold, limestone, lead-zinc and barite. He commended NESG for the effort it had put in place to mitigate the impact of COVID-19 on the country’s economy. Adegbite added that the administration of President Muhammadu Buhari had been making efforts to diversify the economy from oil through the development of the mining and agricultural sectors.

He added that structural reforms embarked upon in the industry were geared towards supporting the emergence of a vibrant private sector and to stimulate resource-based industrialisation.“It is predicated on the principle that government serves as a regulator, providing an enabling environment for businesses to thrive.“Each cluster will be provided with road and power infrastructure to encourage investors in processing and refining equipment to support a network of miners and processors.

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