President Bola Tinubu has approved the appointment of Martins Imonitie as the CEO of the Nigerian Mining Corporation. Imonitie, a mining finance expert from Australia, was headhunted from Western Australia, a major mining region. According to Dele Alake, Minister of Solid Minerals Development, Imonitie has experience working with global players and will drive the new initiative.
The Nigerian Mining Corporation’s ownership structure is designed to minimize government interference, with 50% controlled by the private sector, 25% by the federal government, and 25% open to Nigerian citizens. This development is part of the federal government’s plan to launch a mining corporation, as announced by Segun Tomori, Special Assistant on Media to the Minister, on February 10.
