Nigerian govt, World Bank to collaborate for mining sector development

The federal government, through the Ministry of Solid Minerals Development, is exploring collaboration with the World Bank to unlock financing and technical support for the development of the mining sector.

Speaking during a courtesy visit to the minister, Dele Alake, on Monday, World Bank Country Director for Nigeria, Shubham Chaudhuri, expressed satisfaction with the renewed focus on the development of the nation’s mineral resources by the Tinubu administration.

Mr Chaudhuri stated that with the preponderance of economically viable minerals in Nigeria, the country has the potential to make the sector a major contributor to its Gross Domestic Product (GDP).