JOINT NASS COMMITTEE REJECTS PROPOSED N9BN CAPITAL BUDGET FOR MINING SECTOR

The Joint National Assembly Committee on Solid Minerals has rejected the proposed N9 billion capital budget for the mining sector in the 2025 budget, emphasizing that the allocation falls drastically short of the investment required to position solid minerals as the cornerstone of economic diversification. Leading the debate during the budget defense session on Friday, the Chairman of the Joint Senate and House of Representatives Committee on Solid Minerals, Sen. Ekong Sampson, expressed the committee’s displeasure with the proposed allocation, noting that without substantial investments in exploration and other critical…

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