President, Miners Association of Nigeria,Sani Shehu, last weekend, stressed that the country requires a N100 billion intervention fund to immediately flag off the exploitation of mineral resources.
According to him, the move if considered, will rescue the nation’s economy from the adverse effects of the dwindling oil prices.
Shehu said the fund could be spread within a period of two years for the provision of infrastructure in mine sites to address the hitches of transportation in the sector.
“The mining site should have a dedicated railway line. Most of the industrial minerals are basically in the north, and the industries that need these minerals are concentrated in the south. And moving these minerals from the mines to the industry is a serious challenge. The money can also be used to complete the generation of geological information data that government started over the years,” he said in part.
He added that miners are in dire need of means of transporting their minerals from site to the industrial areas for processing.
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