World Bank Will Support NEXIM Bank on Nigeria’s Mining Sector

The World Bank has pledged to support the Nigerian Export-Import Bank (NEXIM Bank) with regard to developing Nigeria’s mining sector.

This statement was made by  Dr. Francisco Igualada, Senior Mining Specialist, Energy & Extractives Unit of the Bank.

Dr. Igualada said there is need for a structured consolidation of efforts towards developing the sector. This should focus on building the right capacity both at human and institutional levels; as well as establishing and enforcing the requisite legal and policy frameworks.

He said the World Bank has a Public Private Partnership (PPP) arrangement which it could recommend for the development of the solid minerals sector in Nigeria. He further stated that he would seek the commitment of his office on the development of the mining sector and collaboration with NEXIM Bank, especially in regard to workshop participation and capacity training.