Mining remains one of the most promising sectors of the economy with the potential to generate over N5 trillion yearly for government, especially from exporting its solid mineral deposits.
Banks with foresight and passion to improve the lots of the economy are targeting the huge funding potential in the mining sector and helping government realise its economy diversification plans. The Stanbic IBTC Bank Iron and Steel Business Session was organised by the lender to jumpstart sustained interface between the private sector and government with a view to developing a robust mining sector through the public private partnership model.
This has become necessary because the economic downturn, triggered by falling global oil prices, is yet another eye-opener for Nigeria to re-examine its economic bearing. It is an opportunity to shift from a mono-economy and lay a foundation that promotes sustainable growth and development. Read more