As Nigeria’s mining sector continues to evolve, the Federal Authorities, by means of the Strong Minerals Improvement Ministry, on Monday, known as on stakeholders within the mining sector to collaborate in unlocking the nation’s huge mineral potential.
The federal government mentioned that with progressive insurance policies, strategic reforms, and a dedication to inclusivity, Nigeria is poised to grow to be a world mannequin for sustainable mining and financial diversification.
Everlasting Secretary of the Strong Minerals Ministry, Dr. Mary Ogbe, disclosed this in Abuja on the opening of the ninth version of Nigeria’s Mining Week Convention and Expo.
She mentioned the programme goals to place the mining sector as a cornerstone of financial development, group improvement, and world competitiveness.
This yr’s convention, themed “From the Inside-Out: Constructing the Mining Sector to be the Cornerstone of Nigeria’s Economic system,”introduced collectively mining stakeholders from world wide to debate methods for enhancing mining and financial diversification.
She famous the importance of the Vitality Transition Minerals Improvement Coverage, accepted by the Federal Government Council in October 2023, as a strategic transfer aligning Nigeria with world traits in sustainable vitality.
She mentioned: “As demand for minerals vital to the renewable vitality sector, comparable to lithium, cobalt, and nickel, continues to rise, this coverage positions Nigeria to play a central function within the provide of those important sources.”
Dr. Ogbe famous that though Nigeria is endowed with over 44 mineral sources, together with gold, iron ore, limestone, and coal, insufficient funding and infrastructure have hindered their full exploitation.
Dr. Ogbe added: “Nigeria’s mining sector is advancing on a basis of progressive insurance policies, strategic rules, and a dedication to inclusive development.
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“With the Honourable Minister’s management within the authorities of President Bola Ahmed Tinubu, our Ministry is constructing a mining business that contributes robustly to nationwide improvement whereas upholding the rules of transparency, sustainability, and native empowerment.
“As we proceed to implement these transformative initiatives, I encourage all stakeholders to collaborate with us in unlocking the complete potential of Nigeria’s mining sector—a sector that guarantees to be a cornerstone of Nigeria’s economic system and a mannequin of sustainable development for years to come back.”
In her remarks, the Director of Funding Promotion and Mineral Commerce on the Ministry, Dr. Esther Udo, pressured the transformative initiatives being applied to reshape Nigeria’s mining sector right into a hub of funding, innovation, and sustainability.
She mentioned: “Coverage readability is the inspiration of investor confidence. The Ministry is at present reviewing the Nigerian Minerals and Mining Act to align with world greatest practices and rising business traits.”
She defined that the goal is to simplify processes, take away ambiguities, and make it simpler for title holders to associate with critical buyers or divest belongings in a way that maximises worth.
Dr. Udo additionally highlighted the vital function of dependable geological knowledge in decision-making. She famous that initiatives just like the Nationwide Built-in Mineral Exploration Venture (NIMEP) and the Excessive-Decision Airborne Geophysical Survey have generated intensive datasets, now accessible on-line.
She mentioned, “These datasets allow title holders and buyers to determine high-potential initiatives and de-risk exploration actions. To additional improve collaboration, the Ministry is encouraging title holders to leverage this knowledge to draw critical buyers prepared to develop initiatives to full-scale manufacturing or enter into joint ventures for mutual profit.”
