Dele Alake, the Minister of Solid Minerals, has proposed a N200 billion budget allocation toward a big data exploration project which already exists.

As part of his 7-point agenda, he stated that the big data project is aimed at attracting foreign investors to Nigeria’s solid mineral sector which was not mentioned before.

According to report, it is curious to hear the Minister advocate for a N200 billion budget for mining data gathering, especially when we already have a well-established geodata infrastructure in place.

Global consulting firm KPMG released a mining sector watch report in May of 2023 titled “FG Launches the National Geodata Centre”.

The report states that “In fulfilment of the FG’s promise made in 2021 the minister of Mines and Steel Development recently unveiled the National Geodata Center (NGC), located at the Nigerian Geological Survey Agency (NGSA) with an arm at the National Steel Raw Material Exploration Agency (NSRMEA).

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“The electronic data facility is expected to enhance the ease of online access to appropriate (reliable and up to date) geological reports and data about mineral reserves and/or deposits in the country.

“The facility, which can be viewed as an “electronic geodata bank” is aimed at boosting
investment decisions, research, and the overall ease of doing mining business in the country.

“This initiative is highly laudable, given that reliable geological data is the foundation of any mining investment. We commend the Ministry on achieving this feat. The NGC will no doubt increase the attractiveness of the Sector to both foreign and local investors, act as a driver for economic diversification, and assist in creating a globally competitive sector.

The Nigerian Geological Survey Agency home page shows an existing research report that they already released.


There is also a solid mineral development fund set up to invest in the sector. One cannot invest without data.


https://parallelfactsnews.com/dele-alake-proposes-n200-billion-budget/

corruption defines APC

By the time APC is done with Nigeria, we will beg PDP to return.......

When a thief is your president
.

Brazen corruption at a critical time. They ve sensed the imminent collapse of the finances of this country are going for the last piece of the cake. A cake that needed butter sugar & flour loan for it to be baked.

Stealing like fools...wealth you will loose to the cold hands of death that can come any time..

IT is the hungry nairaliand boys and girls supporting these bandits I feel pity for...

Trust a drug trafficker at your own peril.

COMRADES, when we foretold everyone that these were just out to loot big time some miscreants here disputed the fact. What is playing out today?

Baba just brought all his friends and associate to come and pack nigeria money as they can because this may be their last chance.

Some 30k monthly miscreants will still defend him.

fuckingAyaya:
Some 30k monthly miscreants will still defend him.

Like that boy Hell Anus

Leave those social media bandits alone, if they have the opportunity to be in the position, they will do more than this. Anybody from any region that carries drugs inside and outside the country will do that also, if am lying, ask Peter Obi, who used state resources for personal business.

Amid at attracting foreign investment,but those that were on ground before Apc came to power,una don drive them comot.. Thieves in power.. 30 percent of that money won’t even go into the project,na share them go share am for pocket..

The mu. mu who commented above me is trying to defend rubbish,and he ended up being stupid with his senseless comment.. Ozuor!

Already, one social media 1diot is turning a looming case of corruption into 'obi' matter.

When the stupidity of his comment is pointed out to him, he will weaponise it by turning it into ethnic profiling so that focus is lost.

halinues and yarimo will avoid this thread.
Suffering,dieing and smiling

UKEMY:
halinues and yarimo will avoid this thread.
Suffering,dieing and smiling

Nlfpmod.....

Parallel facts?

This is the propaganda media arm of the Obidients mob group. Abeg, are there any other posts about this from a more credible media houses?

Omooba77:
By the time APC is done with Nigeria, we will beg PDP to return.......

..Atiku 2027.

Enugurangers:

..Atiku 2027.

Only God knows that.....