The Federal Government’s plan to diversify the nation’s economy leveraging the solid minerals development cannot be funded by banks in the country, a former Managing Director of Nigerian Mining Corporation, Dr. Biodun Olorunfemi, has said. Olorunfemi, who is currently the Vice-President, Mineral Watch Global Investment Company Limited, said in an interview with our correspondent that only the stock exchange had the capacity to provide the funding required for the development of the mining sector. According to Olorunfemi, a former High Commissioner of Nigeria to Namibia, Nigeria is still far from being a mining nation as the best that can happen to the country now is to lay a solid foundation for mining development. He said, “The private sector drive must go pari-passu with government activities. There are agencies and there are players that must come into this playing field. The playing field, which defines the value chain, starts from exploration; mine planning, mine development, exp...