National: FG budgets N100 million for research in universities

National: FG budgets N100 million for research in universities

- in World News
130

image

The Minister of Mines and Steel Development, Dr Kayode Fayemi says the government has budgeted the sum of N100 million as grants to carry out research in the mining sector in the nation’s universities.

CLICK HERE TO DOWNLOAD LOVABLEVIBES ANDRIOD APP (APK FILE VERSION 1.8)

OR

He stated at a valedictory ministerial briefing on Wednesday in Abuja, explained that the programme is aimed at creating innovation hubs nationwide and deepens expertise to grow the sector.

Fayemi, who quit the Federal Executive Council today, added that there are ongoing capacity developments for the staff in South Africa active mine sites, adding, training of security personnel of Presidential Special Mines Surveillance is on.

“We have received a waiver to recruit 53 critical professional, like geologists, inspectors/scientist officers to work in order to meet the projected 9 percent gross domestic products,” he said.

On accessing artisanal small miners N5 billion loans, the minister denied that government is not aware, adding, Bank of Industry, BOI, has criteria to be met before it is given.

According to him, N5 billion is a loan with 5 percent interest, adding, the bank cannot give out the loan because it was not a lottery, and no commercial bank can give its money like this.

On mining sector, Fayemi argued that they have invested a lot of funds in the past two (2) years to ensure that the sector contributes optimally to a strong and virile economy.

He also noted they have contributed to a fight against corruption by identifying and bringing economic saboteurs in the mining industry to book and promote unity within the system.

This article was Posted By DJXBAZZ

kindly AddUp Djxbazz||Lovablevibes On Whatsapp:- 08065200003 or Call This Number [08127150166] For Negotiable & Promotion Of Your Song On Many Blogs, Also Follow Djxbazz On Social Network Instagram/Twitter: @iam_djxbazz

DISCLAIMER : Lovablevibes.com do not claim ownership of any of the Songs OR News that we upload or post, and any copyright infringement complaints will be executed immediately! It is our policy to honor all take-down requests! If You Feel Your Rights Are Being Infringed Upon,Email Us Lovablevibes@post.com

Leave a Reply

Your email address will not be published. Required fields are marked *