Unlocking Nigeria’s Mineral Potential: A Path to Economic Growth

The Nigerian government has unveiled a geological map during the Nigeria Mining Week in Abuja. The map showcases the locations and potential of mineral deposits across the country, aiming to attract investors. Senator George Akume, representing President Bola Tinubu, expressed Nigeria’s commitment to supporting the mining sector and maximizing its mineral resources. The theme of this year’s event is ‘Capitalising on Nigeria’s Critical Mineral Resources For Economic Growth.’ The government aims to promote sustainable development, investment, and cooperation within the mining industry. They also plan to focus on value addition and skill development to empower the youth and generate foreign exchange. Minister Oladele Alake highlighted the potential of investing in mineral resources to reduce dependence on oil revenues and create job opportunities. The government’s vision for the mining sector includes environmental sustainability, social responsibility, and economic benefits. Minister Shuaibu Abubakar emphasized the importance of steel in industrialization and infrastructure development. Nigeria possesses critical minerals such as coal, tin, lead, limestone, and iron ore, which can diversify the economy and increase revenue streams. The government is determined to develop the steel sector, attract investments, and contribute to the country’s GDP. The Miners Association of Nigeria expressed optimism about the sector’s growth and commended President Tinubu’s efforts to revolutionize the steel industry.

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