- Fed Govt Moves Against Export of Raw Minerals
The Minister of Mines and Steel Development, Dr. Kayode Fayemi yesterday said in partnership with the Nigerian Customs Service (NCS), the Federal Government is moving against raw exportation of minerals from the country.
According to him, at the expiration of the 18 months ultimatum that the ministry set for the stoppage of raw mineral export, it would come heavily on the perpetrators.
In order to encourage local process of minerals, he said government is now ready to assist the companies involved in minerals beneficiation with processing plants.
Speaking on: Operationalising the Framework for Globalising Our Local Economy, during the sixth conference of the Sustainability in the Extractive Industries (SITEI) organised by CSR-in-Action in Abuja, he lamented the loss of huge revenue from the practice of exporting raw mineral resources without any value addition in-country.
