• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
FG to disburse N200million to 100 Artisanal miners in Niger Delta

FG to disburse N200million to 100 Artisanal miners in Niger Delta

5 years ago
Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

8 minutes ago
Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

51 minutes ago
Kenya Airways Records First Profit Since 2013

Nigerian Govt Confirms Receipt Of Kenya Airways Fine Over Passenger Rights Violations

57 minutes ago
MWC Kigali
US Halts Financial Contributions To Okonjo-Iweala’s World Trade Organisation

AI Will Reshape Global Trade Says WTO

2 hours ago
Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

21 hours ago
Thursday, September 18, 2025
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

    Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

    Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

    Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    Nigeria: President Tinubu Signs Tax Reform Bill Into Law

    Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

    Ghana: President Mahama Pardons 998 Prison Inmates

    Africans Tired Of Corruption, Misgovernance, Mahama Echoes At Jonathan Foundation’s Democracy Dialogue

    Malawi: Vote Counting Commences After Presidential Election

    Malawi: Vote Counting Commences After Presidential Election

    Chad: New Constitution Allows President To Contest Unlimited Times

    Chad: New Constitution Allows President To Contest Unlimited Times

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

  • Economy
    Botswana: Nigerian National Appointed As Head Of SWF

    Botswana: Nigerian National Appointed As Head Of SWF

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    AfDB: Egypt To Receive $271 Agricultural Loan To Promote Food Security

    Africa’s Transition States Need $210bn Yearly To Power Transformation – AfDB

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    Nigeria: Govt Inaugurates Committees For Civil Service Personnel Audit

    Nigeria: Govt Launches Civil Service Audit, Targets Future-Ready Workforce

    India To Inject $680 Million Into Mauritius’ Economy

    India To Inject $680 Million Into Mauritius’ Economy

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

    Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

    Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

    Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    “I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

    Nigeria: President Tinubu Signs Tax Reform Bill Into Law

    Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

    Ghana: President Mahama Pardons 998 Prison Inmates

    Africans Tired Of Corruption, Misgovernance, Mahama Echoes At Jonathan Foundation’s Democracy Dialogue

    Malawi: Vote Counting Commences After Presidential Election

    Malawi: Vote Counting Commences After Presidential Election

    Chad: New Constitution Allows President To Contest Unlimited Times

    Chad: New Constitution Allows President To Contest Unlimited Times

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Ghana To Host Goodluck Jonathan Foundation’s Democracy Dialogue

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

    Terrorism Against Christians: US Senators Push For Nigeria’s Redesignation As ‘Country Of Particular Concern’

  • Economy
    Botswana: Nigerian National Appointed As Head Of SWF

    Botswana: Nigerian National Appointed As Head Of SWF

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Why Canada Rejected Over 1,500 Nigerian Asylum Applications In 2025

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    Afreximbank Signs $500m Deal To Boost Nigeria’s Gas Infrastructure

    AfDB: Egypt To Receive $271 Agricultural Loan To Promote Food Security

    Africa’s Transition States Need $210bn Yearly To Power Transformation – AfDB

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    EXPLAINER: 10 Things To Note About Nigeria’s New Tax ID Rules

    Nigeria: Govt Inaugurates Committees For Civil Service Personnel Audit

    Nigeria: Govt Launches Civil Service Audit, Targets Future-Ready Workforce

    India To Inject $680 Million Into Mauritius’ Economy

    India To Inject $680 Million Into Mauritius’ Economy

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    South Africa: Ramaphosa Sends Officials On Trade Negotiation Trip To US

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

    Ethiopia Unveils Africa’s Largest Dam Amid Egypt Tensions

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

FG to disburse N200million to 100 Artisanal miners in Niger Delta

... Funds to be drawn from BOI

February 28, 2021
in Economy, Top Stories
0
FG to disburse N200million to 100 Artisanal miners in Niger Delta
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The Federal Government said it is considering disbursing N200million to 100 Artisanal Miners to boost mining activities in Nigeria.

This disclosure was made on Sunday in Abuja by the Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, in an interview with the News Agency of Nigeria, NAN.

Relatedreading

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

He said the fund would be drawn from the ministry’s N3.2 billion mining intervention fund, domiciled with the Bank of Industry, BoI.

Mr. Adegbite explained that two million naira each would be given to 100 artisanal miners to help them to operate their businesses.

He added that the ministry had an agreement with the BoI in 2017, to contribute N2.5 billion, totaling five billion naira as intervention fund for artisanal and small-scale miners.

“The concept is that we give 2.5 billion naira to BoI in partnership and that BoI should add its N2.5 billion to make it N5 billion for the intervention fund.

“BoI is meant to disburse the fund because of the ministry’s past experience that the World Bank gave the ministry some funds to be disbursed to miners but it was not successful.

”That is why Gov. Kayode Fayemi, the then minister of this ministry gave the money to BoI, whose core mandate is to disburse the fund to miners that meet the criteria attached to the loan,” he explained.

Adegbite said that due to the stringent criteria attached to the loan by BoI, miners were unable to access the fund, adding that the ministry’s 2.5 billion had accrued interest of N1 billion from 2017 till date.

“Between 2017 till date, our N2.5 billion with BoI generated N1 billion interest, making it N3.5 billion but N300 million has been disbursed from our fund to some miners. We now have N3.2 billion remaining.

“The purpose of the fund is not to generate interest for the government. It is to develop the sector. We have relaxed the conditions attached to the loan to enable artisanal miners to access the fund.

“The criteria now is that artisanal miners can access the fund by getting a surety, an officer from grade level 14 upward.

“We decided to take N200 million from the N3.2 billion and loan it to 100 artisanal miners that meet our criteria”.

The loan is to be made available at a single-digit interest rate of five per cent to address the lack of funds militating against artisanal and small-scale mining activities in the Niger Delta.

MWC Kigali MWC Kigali MWC Kigali
ADVERTISEMENT
ShareTweetSend
Previous Post

Dangote Refinery Will Sell Refined Products to FG in Naira – Emefiele

Next Post

Insecurity: Yobe Govt Shuts Boarding Schools In 17 LGAs

Related Posts

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

September 18, 2025
Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

September 18, 2025

Nigerian Govt Confirms Receipt Of Kenya Airways Fine Over Passenger Rights Violations

AI Will Reshape Global Trade Says WTO

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

Next Post
Insecurity: Yobe Govt Shuts Boarding Schools In 17 LGAs

Insecurity: Yobe Govt Shuts Boarding Schools In 17 LGAs

Please login to join discussion
MWC Kigali MWC Kigali MWC Kigali
AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2 AfriHeritage Magazine Issue 2

Updates

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

September 18, 2025
Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

September 18, 2025
Kenya Airways Records First Profit Since 2013

Nigerian Govt Confirms Receipt Of Kenya Airways Fine Over Passenger Rights Violations

September 18, 2025
US Halts Financial Contributions To Okonjo-Iweala’s World Trade Organisation

AI Will Reshape Global Trade Says WTO

September 18, 2025
JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia JESIN GAMES - AfriTrivia
ADVERTISEMENT

Most Recent

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

September 18, 2025

Togo: President’s Sister-In-Law Arrested For Inciting Military “Rebellion”

September 18, 2025

Nigerian Govt Confirms Receipt Of Kenya Airways Fine Over Passenger Rights Violations

September 18, 2025

AI Will Reshape Global Trade Says WTO

September 18, 2025

Greece: Artefacts Retrieved From Titanic’s Sunk Sister Ship

September 17, 2025

“I Never Wanted A Third Term, It Was Mere Speculation” – Ex-Nigerian President Obasanjo

September 17, 2025

‘We’re Reclaiming Stolen Land’: Self-Proclaimed African Tribe Defies Eviction In Scotland

September 17, 2025

Nigeria: Tinubu Lifts Emergency Rule In Rivers, Restores Fubara As Governor

September 17, 2025

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Nadine Djuiko: Meet The Cameroonian Woman Behind Maryland’s Million-Dollar Braiding Empire

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In