The World Bank yesterday met with operators in the solid minerals’ sector to discuss the possibility of further funding for the development of the sector.
Leading a delegation of the Bank to the office of the minister of Solid Minerals Development and his minister of state, Dr Kayode Fayemi, and, Hon Abubakar Bawa Bwari, respectively, the World Bank Group, global lead extractor, Michael Stanley, said “their main objective is to make the sector a driver for economic growth”
Stanley said, “Our main objective is to look at the sector and see how we can make the sector a driver for growth and investments and how mining operations can have a positive benefit to the communities, states and the nation”
He said the World bank recognises that the mining sector can be a driver of growth and has come to appreciate the sector’s governance which helps government to administer the sector and investors to realise their objectives and have the benefits for their investments.
The Lead Director said the bank is a development partner to the government of Nigeria. He added that aside providing the ministry of solid mineral with a funding project which is to run for four years, the Bank will also provide technical assistance.