Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Environment
    • Community Development
    • Renewable Energy
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Govt to tackle cartels in mining sector – Minister

    Govt to tackle cartels in mining sector – Minister

    November 26, 2015
    Share
    Facebook Twitter LinkedIn WhatsApp
    Sam Ikeotuonye 26 November 2015, Sweetcrude, Lagos –  The Federal Government has warned ‘cartels in the mining sector’ and all those engaged in illegalities in the sector to desist from their acts or face the full wrath of the law.
    Kayode Fayemi
    Dr. Fayemi

    Minister of Mines and Steel Development, Dr. Kayode Fayemi, issued the warning in Abuja, saying: “We are ready to tackle the cartels in the sector and those who think they can continue will face the maximum wrath of the law”.

    According to him, the Mining and Mineral Law 2007 clearly set out guidelines for the operators in the sector and this will be strictly implemented to arrest illegalities.
    The minister, who stated that the government would use both legal and political will to combat illegal miners, added: “If you glean through what President Buhari said when he came into power, every comment is punctuated with preference for solid minerals and agriculture as areas of interest in his efforts to diversify the economy.
    “So, Mr. President has put me in his area of interest and I thank him for reposing confidence in me.”
    He maintained that though the solid minerals sector currently contributes 0.06 per cent to the country’s Gross Domestic Products, GDP,  the Muhammadu Buhari government had the plan to raise this to between 5 and 10 per cent before 2019.

    Related News

    FG commends progress on $400m rare earth processing plant in Nasarawa

    Nigeria secures $3bn mining investments, signals sector growth

    ‘Steel, power sectors must align to drive industrial growth’

    E-book
    Resilience Exhibition

    Latest News

    FG commends progress on $400m rare earth processing plant in Nasarawa

    June 21, 2026

    NNPC pushes regional energy integration, technology for Africa’s growth

    June 21, 2026

    Clean energy investment surges to $2.2 trillion, outpacing fossil fuels

    June 21, 2026

    Nigeria secures $3bn mining investments, signals sector growth

    June 21, 2026

    US praises Nigeria’s CNG push, urges wider adoption

    June 21, 2026
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2026 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.