Lagos — The Senate has approved the establishment of an agency for the development of solid mineral resources in the country.
The ministry was approved on Tuesday following a debate on ‘A bill for an Act to establish the Nigerian Mineral Development Corporation to invest and catalyze investments in the mining sector, to promote and support mining sector growth and for all related matters’ sponsored by Senator Tanko Al-Makura.
The bill seeks to encourage investment and foreign exchange earnings for the country.
The bill has passed second reading and would be referred to the Senate Committee on Solid Minerals for public hearing.
Feedback on the report is expected back at the Senate in four weeks’ time.