Non-oil Revenue: Declare Emergency in Mining Sector, Buhari Urged

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Non-oil Revenue: Declare Emergency in Mining Sector, Buhari Urged
 
The management of NASAMAN Mining Company Limited, an indigenous mining firm, has called on President Muhammadu Buhari to declare an emergency in the nation’s mining sector as a practical demonstration of its seriousness to revitalise the non-oil sector to improve the revenue base of the economy.
 
NASAMAN Chairman, Prince Mamman Ali, according to a statement issued recently by Communication Assistant, Goshem Media Nigeria, Mr. Kelvin Gods’will Musa, stated this in Abuja recently when his management team received an award by the Institute of Management Consultants (IMC).
 
In the entourage were the company’s Executive Director, Foreign Relations, Alhaji Ahmed Shehu Yarádua, and the Executive Director, Legal Services, Abba Mohammed who equally bagged awards of Fellow of the Institute respectively in recognition of their outstanding professional standing and corporate governance excellence.
 
Ali, the statement added, expressed confidence that whenever the president declares an emergency in the sector, it would instantly send the right signal to the international investing community about federal government’s seriousness in turning around the fortunes of the sector towards harnessing its full potentials which he said was long overdue.
 
The NASAMAN boss also called on the government to follow up the declaration with the provision of a mining intervention fund as a mechanism to give practical expression to its intention to boost non-oil revenue accruable to the government to implement its major programmes in this year’s budget currently before the National Assembly.
 
According to him, investors are anxiously waiting for government’s budgetary policy direction as a means of determining the direction of their capital, pointing out that investors are more attracted to where there is concrete and genuine institutional safeguard to their investment as well as minimise their cost and maximise their profit.

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