Minister promises to diversify economy to solid minerals

chika ebuzor

November 12, 2015 6:46 AM

Our challenges have always been turning the potential into concrete reality; we are going to work with the ministry officials to achieve the set goal of Mr President.

Mr Kayode Fayemi, the new Minister of Solid Minerals, on Wednesday in Abuja, promised to diversify Nigeria's economy from its mono product to solid minerals.

Fayemi made the promise when he assumed duty with the Minister of State, Mr Abubakar Bawa, and the Permanent Secretary of the Ministry, Mr. Istifanus Fuktur.

He said solid minerals were vehicles to diversify the economy and boost the Gross Domestic Product (GDP).

"We will deliver on the promises made by President Muhammadu Buhari to Nigeria to diversify the economy from crude oil to solid minerals.

"Our tenure will not accept business as usual because of the challenges facing our economy; but we are determining to ensure that we justify the confidence reposed on us.

"I am passionate about the solid minerals because of abundance of untapped minerals in my state and other states across the country.

"Our challenges have always been turning the potential into concrete reality; we are going to work with the ministry officials to achieve the set goal of Mr President,’’ he said.

He said the ministry's earlier budget would be corrected to achieve the task given to the team by the president.

chika ebuzor