The Senate on Tuesday passed for second reading a Bill which seeks to establish an agency for the development of solid mineral resources in Nigeria.
The Bill titled: “A Bill for an Act to establish the Nigerian Mineral Development Corporation to invest and catalyze investments in the mining sector, to promote and support mining sector growth and for all related matters” was sponsored by Senator Tanko Al-Makura.
The Bill among others seeks to encourage investment and foreign exchange earnings for the country.
Senators in their contributions supported the Bill.
Some of the lawmakers lamented that the country was losing billions of dollars daily to foreign miners who are apparently taking undue advantage of the lack of such a coordinating agency.
Senators approved that the Bill read a second time when it was put to voice vote by President Ahmad Lawan.
Lawan later referred the Bill to the Senate Committee on Solid Minerals for further legislative work and to report back to plenary in four weeks.
Listen to top Radio Stations in Abia State CLICK HERE
Support Afnews Independent Journalism
At Afnews, we are dedicated to providing accurate, insightful, and timely news coverage. Our commitment to journalistic integrity ensures that you receive trustworthy information, unfiltered and unbiased. To maintain our independence and continue delivering quality content, we rely on the support of our readers.
If you value the work we do, please consider making a contribution. Your support enables us to keep bringing you the stories that matter.
Donate today and help us keep independent journalism alive. Thank you for your support!
