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 acces...