Reps propose 5% mining revenue for host communities
The House of Representatives Committee on Solid Minerals has said it is proposing five per cent of revenues on solid minerals to host communities.
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The House of Representatives Committee on Solid Minerals has said it is proposing five per cent of revenues on solid minerals to host communities.
Responding, Alake said the Ministry of Solid Minerals Development had launched a seven-point agenda as its roadmap to reposition the sector.
Mr Pratt said his visit to Mr Alake followed an earlier meeting with President Bola Tinubu who sought the support of the US for the country’s economic revival.
On the sidelines of the Mines & Money conference holding in London, Minister of Solid Minerals Development, Dr. Oladele Alake and United States Assistant Secretary for Energy and Natural Resources Geoffrey Pratt agreed to set up a team of officials of both countries to explore financing for credit to mining firms and infrastructures. Pratt said
Oladele Alake and Geoffrey Pratt agreed to set up a team of officials of both countries to explore financing for credit to mining firms.