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FG Launches Made-In-Nigeria Barite
By Dayo Badmus,
The Ministry of Mines and Steel Development launched the Made in Nigeria Barite in Port Harcourt, as part of its’ modest efforts towards the development of industrial minerals.
According to Arc. Olamilekan Adegbite, Honourable Minister, Ministry of Mines and Steel Development, The initiative is expected to spur the promotion and growth of local content, boosting the economy with a corresponding increase in revenue.
“The initiative would not only put Nigeria on the radar of the global mining communities, but would also save the country about $300 million in annual importation costs, thereby creating employment opportunities for the teeming population.
“The Ministry will also commission an open marketplace portal that will connect all stakeholders along the barite value chain to a hub that allows for easy coordination, stocking, effective costing, and seamless sale of barite, as we adhere to the ease of doing business initiative.” He said.
