-The Ministry of Solid Minerals proposed a 2025 budget of ā¦541.7 billion, but only ā¦9 billion was allocated for capital expenditure, sparking concerns.
-The National Assembly’s joint committee rejected the ministryās budget, deeming the allocation insufficient to meet the sector’s critical needs.
-The committee highlighted that the current budget envelope was insufficient to drive economic diversification and development in the solid minerals sector.
-Solid minerals are crucial for Nigeria’s plan to diversify its economy, moving away from oil dependency and into green energy and resource optimization.
-The committee called for a radical upward review of the ministry’s budget and suggested involving the Minister of Planning and Budget to resolve the issues.
Peoplesmind
