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Senate Approves Solid Mineral Agency Bill

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The Senate has approved the establishment of an agency to oversee the development of solid mineral in the country, Tuesday.

The approval followed a robust debate on the Senator Tanko Al-Makura sponsored bill, which sought to encourage investment and foreign exchange earnings for the country.

The Bill is titled, “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.”

The Senate agreed that the bill should pass second reading when the Senate President, Ahmad Lawan, subjected its passage to voice vote.

The Senate thereafter referred the proposed legislation to the Senate Committee on Solid Minerals for public hearing and report back in four weeks.

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