Nigerian House of Representatives advances bill for Nigerian Mining Development Bank, aiming to support and sustain the mining sector.

The Nigerian House of Representatives has advanced a bill to establish the Nigerian Mining Development Bank, passing it for a second reading. The bank, proposed by Mr. Uchenna Okonkwo, is aimed at providing financial support, promoting investment, and fostering sustainable development in the mining sector. The bill comes as Nigeria grapples with challenges in its mining sector, including illegal mining and the associated security risks.

March 12, 2024
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