World Bank meets on FG’s $150m mining loan request

The Board of Governors of the World Bank is currently meeting to discuss the $150 million loan that Nigeria is seeking from the institution to boost the fortunes of the mining sector.

Minister of Mines and steel, Kayode Fayemi stated this at the 53rd Annual International Conference and Exhibition of the Nigerian Society for Mining and Geosciences in Abuja.

The minister also stated that the Federal Government was targeting $25 billion contribution to the nation’s Gross Domestic Product from the mining sector by the year 2026.