The International Gemstone Market in Ibadan will create employment and wealth for the country, says the minister of mines and steel development, Olamilekan Adegbite.
“A little bit of background will show that the former Vice President was deceiving Nigerians when he made that promise
Out of the 11 companies bidding, three were Russian.
He said six plants were being set up in the various regions to process mineral resources deposited in those regions.
The N37.2 billion earmarked for the ministry and its 10 parastatal agencies for 2023, will cover personnel costs, overhead and capital expenditures.
The minister said the salt if fully tapped, could save the country millions of dollars from importing the commodity.
The agreement on how to revive the steel company was reached during a meeting between Mr Buhari and President Vladimir Putin.
The federal government has warned governors across the country to desist from laying claims to mineral resources in their states.
The ministry of mines and steel development promised the investors government support in providing needed information on the sector.
The federal government has warned Nigerians not to see the proposed N200 million by the mines ministry for small-scale miners as a piece of “national cake.”
