Extractives

There also exists avenues for investment and expansion in the non-oil extractives, such as gold, bauxite, agriculture, tourism and hospitality, ICT and energy, the Ministry of Finance said in a statement.

And they might want to think about not putting their faith in the extractives sector.

But the government’s current strategy is not enough, as extractives analyst Matthew DuPée has World Politics Review.

He made this commitment while making a presentation at the 25th-anniversary edition of the Nigerian Economic Summit Group (NESG) with the theme: ‘Rethinking the Future of Extractives’.

In fact, the widely acknowledged investigative specialists in who monitor the country’s extractives sector have publicly said the opposite is the case.

The participants explored the potential of the ASM sector in Ghana and Australia and equipped themselves with the requisite knowledge in the extractives for accelerated development.

These are; Financial Services, Agriculture, Construction, Extractives (Oil, Gas and Mining) and ICT.

In conclusion ZIMCODD welcomes the returning back of the Mines and Minerals Bill back to Parliament as an opportunity to address the current loopholes and will ensure that domestic resource mobilisation in the extractives industry will be strengthened.

It will bring the functioning PACT chapters to five, including extractives, resource mobilisation and management and light manufacturing.