Ekiti miners to benefit from Fed Govt, BoI N5b loan

Ijero-Ekiti,Nigeria

Mining activities in Ekiti State have received a boost as small scale miners in Ijero-Ekiti axis will benefit from a N5 billion intervention fund from the Federal Government.
The Federal Ministry of Mines and Steel Development and the Bank of Industry (BoI) are making available N2.5 billion each for the intervention fund to assist the miners.
The miners will access the cash through cooperative societies to empower them and stop illegal mining in the state.
The Programme Director of African Centre for Leadership, Strategy and Development (Centre LSD), Mr. Monday Osasah, broke the news yesterday in Ado-Ekiti, the state capital, at policy dialogue on Mining supported by Open Society for West Africa (OSIWA).
He said the N5 billion intervention fund for artisanal and small scale miners was a conscious effort to grow and develop the Mining sector and make it contribute to government revenue.
Osasah said qualified artisanal miners would be allowed to access between N100,000 and N10 million while small scale miners could get between N10 million and N100 million.
The Owa Ajero of Ijero-Ekiti, Oba Joseph Adebayo Adewole, who described his kingdom as “the mining centre of Ekiti,” urged Federal and state governments to show more interest in the sector.
Oba Adewole expressed dismay that gem stones and feldspar mined in the community were taken away and turned into finished products.
He said: “If government shows more interest in mining in Ijero Kingdom, it can lead to a glass industry and this will create more jobs.”
Also, LSD Campaign and Research Officer Mr. Omaojor Ogedoh said the advocacy for effective natural resource governance was being implemented in Taraba, Ebonyi and Ekiti states. 

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