Solid Minerals Minister, NEITI Collaborate On Sector Reforms

Solid Minerals Minister, NEITI Collaborate On Sector Reforms

Solid Minerals Minister, NEITI Collaborate On Sector Reforms

Solid Minerals Minister, NEITI Collaborate On Sector Reforms

The Federal Government has restated its plan to revamp the solid minerals sector as an alternative for revenue generation and job creation in the face of falling oil prices.

The Minister of Solid Minerals, Dr Kayode Fayemi, at a meeting with the acting Executive Secretary of the Nigeria Extractive Industries Transparency Initiative, NEITI, explained that a guided needs assessment and strong policy formulation are required to increase the level of opportunities in the sector.

The NEITI boss, Mr Ogbonnaya Orji, presented the agency’s survey of the sector to the Minister with recommendations which he says are aimed at reforming it.

The Minister commended the work done by the agency, noting that it was in line with its policies aimed at creating alternative revenue sources for the country and also create employment opportunities for the youth population.

“You’ve managed to expose in your reports, the hidden revenue that is being generated that is not recorded either in our Inland Revenue sources or even in our own ministry’s royalty sources.

“That is clearly going to assist us as we move ahead in our policy formulation strategy and in our various needs assessment around what to do with the mineral resources that God has endowed us with,” he told the NEITI boss.

1 Comment

    • Abiodun Adebanjo
      January 19, 2016

      NEITI has proven to Nigerians that it is a fearless agency that reports activities in the petroleum sector objectively. I am of the opinion that this partnership with the ministry shall help introduce transparency to the sector

      Reply

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