Use Mineral Reserves As Equity, Not Loans-Alake To African countries
The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people. Dr. Alake made this known at a Ministerial Roundtable on Powering Africa in Washington DC . The Minister frowned at unwholesome pressure on African governments by loan marketers despite global concerns […]