TIN PRODUCTION AND DEVELOPMENT REVOLVING LOANS FUND ACT

Section 2: Purposes of the fund.

1968Section 2 of 4Federal Republic of Nigeria

(1) The fund may be utilised for promoting efficiency and higher productivity in the tin mining industry, and in particular, for providing loans to assist any eligible small mining operator.
(2) In this section, "eligible small mining operator" means a person who-
(a) conducts tin mining operations on a scale approved by the Director-General, Federal Ministry of Mines, Power and Steel;
(b) in respect of whose mineral reserve and extraction process an approval has been given by an officer of or above the rank of a Senior Inspector of Mines in the Federal Ministry of Mines, Power and Steel; and
(c) in relation to whose application for a loan a recommendation has been obtained by the Director-General, Federal Ministry of Finance from the officer mentioned in paragraph (b) of this subsection.

Cite this section

Section 2, TIN PRODUCTION AND DEVELOPMENT REVOLVING LOANS FUND ACT (1968).

https://repo.podus.ai/laws/tin-production-and-development-revolving-loans-fund-act/section/2/