Minister to inaugurate Solid Minerals Fund today
The Minister of Mines and Steel Development, Musa Sada, will today inaugurate members of the Solid Minerals Development Fund (SMDF).
President Goodluck Jonathan recently approved the constitution of the fund in accordance with the provisions of the Minerals and Minerals Act of 2007.
The Project Coordinator, Sustainable Management of Mineral Resources Project (SMMRP), Mr Linus Adie, is to chair the fund, while Ahmed Shehu Mahe, is the Secretary.
Besides, the National President, Miner Association of Nigeria, Alhaji Sanni Shehu and Caleb Dare, are also members of the fund.
The fund has representatives of the Central Bank of Nigeria and the Banker’s Committee.
Adie said the SMDF was established to develop both human and physical capacity in the minerals sector. It is also instituted for the provision of funding for geo-scientific data gathering and storage and retrieval to meet the needs of the mining industry.
It is also established to provide funding for the extension services to small-scale and artisanal mining operators and provision of infrastructure in mines land.
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