The Nigerian Minister of Mines and Steel Development, Dr Kayode Fayemi, formally announced his resignation from the federal cabinet on Wednesday with profound appreciation to President Mohammadu Buhari's visionary leadership and prioritisation of the mining sector.
The Minister announced his resignation at a valedictory press briefing held in Abuja, the Nigerian capital.
Dr Fayemi's resignation, which was approved by the President was to enable him contest the July 14th, Ekiti State Governorship election for which he is the candidate of the All Progressives Congress (APC).
The former Minister also gave accounts of his stewardship in the ministry which he headed for two and a half years, admitting that the sector has indeed met its set goals of increasing its contribution to the national GDP.
The Nigerian Bureau of Statistics recently affirmed that the revenue from the mining sector has increased more than five folds from the inception of the administration, he said.
Dr Fayemi cited improved funding for the sector, better geological data, improvement in the ease of doing business, security of the mines as well as removal of legal encumbrances that gad crippled some national assets as some areas the ministry, under his leadership, had recorded huge success.
Reposition the sector
He also enumerated other achievements which include:Stronger institutional capacity, enhanced capacity of staffs, improved infrastructure, better cooperative federalism, improvement in productivity, profitable collaboration with international development agencies, he said.
Dr Fayemi expressed full confidence on his state minister Abubakar Bawa Bwari in continuation of implanting the road map of the solid mineral sector of the ministry.
I am confident that the Minister of State, Hon Abubakar Bawa Bwari, who will now take charge of the Ministry, would forge ahead with the various reforms and innovations that have helped to reposition the sector.
Fayemi who lauded the support of the President said, owing to President Buhari's understanding the Ministry was able to access N30billion intervention fund, which was the mining component of the National Resource Fund for the very first time since the creation of the ministry.
As part of the support we received from the Natural Resources Fund, the Ministry has finalized exploration initiatives totalling N15 billion allowing successful entities help with the exploration of priority minerals like Gold, Lead, Zinc, Rare earth metals to mention a few.
He also explained other initiatives that are in the pipeline to boost the activities of the ministry to perform optimally.
We have initiated the establishment of the National Minerals Commission (NMC), which would harmonise the functions of the Cadastre Office and a number of key departments in the ministry, under a unified administrative structure for greater efficiency and effectiveness in sector governance. This has been approved by the FEC and passed 2nd reading at the National Assembly.
The Minister of State, Hon Abubakar Bawa Bwari, in an emotion-laded address at the event, described Fayemi as a patriot who was passionate about development of the sector.
I would have wished he stayed much longer to conclude the assignment we started together, but I know he is on a rescue mission to Ekiti State. To him, the Ekiti election is more than just an election. It is a rescue mission. So, our loss (in the ministry) is Ekiti state gain.
Honourable Bwari who described Fayemi as a friend and brother said, their relationship has transcended beyond being just colleagues.
Source: Voice of Nigeria