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The Minister of Solid Minerals Development, Dr Oladele Alake, has urged mineral-rich African countries to use the proven mineral reserves of their countries as equity in joint ventures as an alternative to loans.
The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people. Speaking at a Ministerial Roundtable on Powering Africa in Washington DC recently, Alake deplored unwholesome
Mr Alake said only loans that can be liquidated by the returns on the project should be taken to save the people from poverty.
The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people.
Senate Committee Chairman on Solid Minerals, Senator Sampson Ekong has lamented what he described as 'financial bleeding' in the solid minerals sector