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Miners Want Committee On U.S.$120 Loan Spending




Abuja The Miners Association of Nigeria (MAN) is demanding immediate setting up of a panel that would monitor the utilization of the $120m World Bank loan for the solid minerals development.
Sunday Ekozin, chairman of MAN, made the demand when he appeared before the Senate Committee on Solid Minerals investigating the present position of the $120 loan.


The MAN chairman said, "The committee would also ascertain their relevance or otherwise with a sole purpose of making such projects adaptable to the promotion of mining development in a sustainable manner.

"This proposed committee would formulate urgent disbursement modalities of the remaining fund as loans or grants to miners, with less bureaucratic bottleneck in view of the shortness of the loan tenor which officially expires in June 30, 2009."