- The Bill seeking for the establishment of an agency for the development of solid mineral resources in the country has passed for second reading in the Senate on Tuesday.
- The Bill among others seeks to encourage investment and foreign exchange earnings for Nigeria.
The Bill seeking for the establishment of an agency for the development of solid mineral resources in the country has passed for second reading in the Senate on Tuesday.
The Bill titled: “A Bill for an Act to establish the Nigerian Mineral Development Corporation to invest and catalyze investments in the mining sector, to promote and support mining sector growth and for all related matters” was sponsored by Senator Tanko Al-Makura.
The Bill among others seeks to encourage investment and foreign exchange earnings for Nigeria.
Senators, who contributed to the debate, lamented that the country was losing billions of dollars daily to foreign miners who are apparently taking undue advantage of the lack of such a coordinating agency.
The Senators further approved that the Bill should pass second reading when it was put to voice vote by President Ahmad Lawan.
Lawan later referred the Bill to the Senate Committee on Solid Minerals for further legislative work and to report back to plenary in four weeks.
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