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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