if the bill becomes law, the proposed bank will provide financial support, promote investment and foster sustainable development in the mining sector.
EXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalFood security: The Bago challenge, By Dakuku PetersideEXCLUSIVE: Top Nigeria Customs officers enmeshed in multi-billion naira corruption scandalFood security: The Bago challenge, By Dakuku PetersideA bill seeking the establishment of the Nigerian Mining Development Bank has passed a second reading in the House of Representatives.
Despite the activities of illegal miners, Mr Alake has been promising to revamp the sector to contribute to the nation’s revenue and GDP. “It is imperative that we grasp the transformative potential inherent in this legislative endeavour, comprehending its profound implication for our nation’s economic terrain,” he said.
Speaking of the bill, Ahmed Jaha , described the proposed legislation as “one of the best bills presented on the floor of this House”.