Government meets banks on intervention fund for steel, mines

Fayemi
He stressed that government is committed to creating 2,000 jobs annually as the sector would help absorb such talent over the coming decade, adding that mining can be an important part of the solution sector when the intervention fund kicks off as a way of assisting operators to making the business viable and profitable.” He further disclosed that the Ministry of Steel has begun to revalidate licences issued in the past years that had not been put to use.

Read more at: http://www.vanguardngr.com/2016/05/govt-meets-banks-intervention-fund-steel-mines/
The Federal Government said it has met with banks to fine tune how to provide intervention fund to revive the ailing steel and mining sector. Minister of Solid Minerals, Dr. Kayode Fayemi, who disclosed this in Lagos at a breakfast meeting with operators organised by Stanbic IBTC Plc said the Federal Government will not sell Ajaokuta Steel but will concession it to private investors.

Read more at: http://www.vanguardngr.com/2016/05/govt-meets-banks-intervention-fund-steel-mines/
 

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