Home BUSINESS Buhari Frowns At The Way Mining Business Is Run In Nigeria

Buhari Frowns At The Way Mining Business Is Run In Nigeria

Buhari tough looking

President Muhammadu Buhari has frowned at the way the nation’s mining business is being run, describing it as most demoralizing.

The President who spoke today at the Presidential Villa after receiving a briefing from top officials of the Ministry of Mines and Steel Development led by the Permanent Secretary, Baba Umar Farouk, said: “this is one of the most demoralizing briefs I have received.”

According to him, the biggest threat to this country besides the Boko Haram is unemployment and the mining sector is key to employment creation.

President Buhari who made it clear that his government would not tolerate illegal mining and other improper activities that have inhibited the growth of Nigeria’s solid minerals sector, noted that the mines and steel sector is very important for the diversification of the economy.

He expressed displeasure at Farouk’s report that the sector had been overrun by illegal miners, adding: “we cannot be held back on such a strategic industry that can give us much needed jobs and promote economic growth.

“There must be more seriousness in running this country and we are determined to instill that seriousness”

The Permanent Secretary had told the President that Nigeria’s mining  sector has been infiltrated by  “illegal aliens” who carry out unlawful mining activities in the country.

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Also Tuesday in Abuja, President Buhari directed the Ministry of Environment to undertake a rigorous study of Lake Chad, with a view to bringing up proposals on how best to reverse the shrinking of the lake, which currently serves as a major source of livelihood for many.

Speaking after receiving a briefing on the challenges facing the Ministry of Environment, President Buhari noted that the security and economic challenges faced by member countries of the Lake Chad Basin Commission could be substantially ameliorated with an improvement in the economic value of the lake.

The President also urged the Ministry of Environment to take up the challenge of researching cheaper ways of sourcing energy for cooking apart from firewood.

The Permanent Secretary, Nana Fatima Mede told President Buhari that Lake Chad has shrunk considerably from the 1960s, when it covered an area of more than 26,000 square kilometers, to less than one-tenth of that size at present. [myad]


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