Miners task Tinubu on development of sector
The Gold Miners Processors and Marketers Association of Nigeria has urged Nigeria's President-elect, Sen. Bola Tinubu, to prioritize the development of the country's mining sector.
Mr Auwal Bununu, President of the GMPMA, stated this in Abuja on Sunday.
Bununu stated that the sector was suffering from a lack of government attention, which had hampered the effective implementation of projects and policies in the sector.
"The sector is expected to contribute significantly to the country's GDP."
"Because there was attention and strong support from relevant authorities, the sector contributed about 15% of GDP in the 1960s and 1970s."
"However, today's GDP contribution is low because the sector no longer receives such support and attention."
"The financial institutes and fiscal policies are not very well capturing the sector in policy formulation, resulting in the sector not functioning effectively as expected," he said.
Bununu, who is also the Technical Adviser to the Nigeria Association of Chambers of Commerce, Industry, Miners, and Agriculture, a mining group, stated that the association's goal is to promote the country's economic development.
He stated that the NACCIMA was an umbrella body of the GMPMA and that the organization collaborated with stakeholders to achieve its goals.
Bununu stated that the association welcomed the President-elect's announcement of plans to form a competent government to ensure economic development in all sectors.
"I am pleased to hear that the President-elect has stated that he intends to form a competent government."
"From what I understand, the administration will bake the national cake and ensure that it reaches everyone in all sectors of the country." What we've been experiencing is the sharing of formulas but not the baking of the cake.
"Insofar as the President-elect has promised a competent government, this means that he will not only bake the cake, but everyone will benefit from the sharing."
"So, if he's baking a cake, mining is the most important sector that brings not only revenue generation but also industrial development," he explained.
"The president-elect cannot bake the cake without developing the mining industries, which provide the country with significant revenue and job opportunities," Bununu added.
"The association is currently working on a private sector framework for mineral and metal development that will serve as a cake-baking alternative for the new administration."
"Because the framework is so important, we're working on a strategy to ensure it produces good results."
"We will also speak with the incoming administration as soon as he is sworn in."
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