News

Nigerian govt approves N1.8 bn for salt project retaining wall

The Federal Executive Council has approved N 1.8 billion for the building of a retaining wall for a salt project in Ebonyi State.

Minister of Mines and Steel Development, Olamilekan Adegbite disclosed this to State House Correspondents at the end of Wednesday’s meeting of the council presided over by President Muhammadu Buhari.

According to the minister, the wall is to help protect the washing away of the salt, which occurs naturally.

He said the salt if fully tapped, can be exported to earn more revenue for the country.

“We came to council for approval because there is an intervention; direct intervention by the President for a salt project in Ebonyi State. We import our salt from abroad spending annually in the region of about $88 million.

“Now by this project, it will mitigate that. It will not satisfy local demand but at least meet some of the local demand and save us the foreign exchange. The salt is in Ebonyi State but it cannot be mined without this infrastructure that we are about to build.

“We are building a retaining wall because water comes in and washes the salt away every time., These are salt lakes that occur naturally. After the environmental impact assessment was done, the report suggested that we should build a retaining wall,” he said.

Adegbite added that the proposed wall would be 27 kilometres long and about 2.9 meters high and would be funded directly by the presidency, adding that the project will be achieved in six months. (VON)

 

Felix Oloyede

Felix Oloyede is a Mass Communication graduate with 19 years experience in journalism. He has worked with TheWeek Magazine; Mirror Newspapers; West Africa BusinessNews and BusinessHallmark Newspaper. Oloyede has covered different news beats ranging from crime; arts; politics; commerce and industries to finance and economy. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School. He is an alumnus of Bloomberg Media Initiative Africa. He has also attended different trainings on Media Communication at the Lagos Business School.

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