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HomePoliticsTinubu Appoints New CEO of Nigerian Mining Corporation

Tinubu Appoints New CEO of Nigerian Mining Corporation

President Bola Tinubu has appointed Martins Imonitie as the Chief Executive Officer of the newly established Nigerian Mining Corporation. Announcing the decision after a Federal Executive Council (FEC) meeting, Minister of Solid Minerals Development, Dele Alake, described Imonitie as a mining finance expert with experience in Australia’s globally recognized mining industry.

According to Alake, the corporation is structured to limit government interference, with 50% owned by the private sector, 25% by the federal government, and the remaining 25% available to Nigerian citizens. The minister also clarified that the government has no plans to establish a Solid Minerals Development Bank, challenging private sector players to take the lead in financing the industry.

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