“There are some foreign mining investors that are using illegal miners to get minerals without paying taxes, mining fees, royalties and they escape to their countries with raw minerals,” Shehu added.
Browsing: Bank of Industry
“Government is committed to the scheme. Our miners cannot achieve much as long as they rely on shovel and digger for their work. We also know that modern equipment are quite costly. So, government would make arrangements with financial institutions and some operators to make the equipment available for leasing.”
Emefiele in his speech explained that in addition to earning very good income from a vibrant domestic biofuel industry, Nigeria could also rely on it to provide her alternative clean fuel, reduce her level of fuel importation, and conserve her foreign exchange.
The partnership is for the second round of solar power provision for rural communities across the country between the BOI, which is the implementing agency on behalf of the federal government, and the UNDP.
01 September 2016, Lagos – Acting Managing Director, Bank of Industry (BoI), Mr. Washed Olagunju wednesday pledged to increase funding support for…
The BoI has engaged into an agreement with the Gombe state government that is worth N360 million for the deployment of pay-as-you-go solar home systems in selected rural communities within the state.
30 May 2016, Abuja – The Bank of Industry (BoI) has commissioned a N32 million- micro grid solar system in…
Under the stand-alone solar systems model, users are required to purchase electricity vouchers through a wireless mobile technology from a local vendor employed the project developer within the community, which will be used to recharge the pre-paid meters provided in each home.
07 March 2016, Abuja – Determined to simulate economics activities by empowering the small and medium enterprises across the country, the…
The Kolwa Electrification Project is a 24KW capacity installation that covers a 6 kilometre distribution network, and is also capable providing commercial ventures with electricity.