The World Bank and the Mining Cadastre Office (MCO) have held discussions on collaboration to develop the Nigerian mining sector.
This was done when the MCO welcomed a high-powered delegation from the World Bank, led by Naora Arfua on a working on Friday in ,Abuja.
The purpose of the visit was to engage in discussions on potential collaborations and support for the Nigerian mining sector.
Head of Press, Mining Cadastre Office, Patrick Chika Osuji in a statement said that during the meeting, the Director General of the MCO, Engr. Obadiah Simon Nkom, and the World Bank delegation explored ways to strengthen the mining sector's contribution to Nigeria's economic growth and development.
The discussions focused on areas of mutual interest, including, leveraging technology to enhance the efficiency and transparency of mining operations sector and ensure its optimal contribution as well as promote sustainable practices in the mining sector.
The partnership will also ensure environmental protection and social responsibility.
The World Bank delegation expressed their admiration for the MCO's efforts in transforming the mining sector through digitalization and transparency initiatives.
They also highlighted the Bank's commitment to supporting Nigeria's development goals, particularly in the extractives sector.
The meeting concluded with a mutual understanding to explore potential partnership opportunities that would benefit the Nigerian mining sector and contribute to the country's economic growth.
Also present at the meeting were management staff of Mining Cadastre Office.