The mining industry in Nigeria is on the rise, and Minister of Solid Minerals Development, Mr. Dele Alake, is optimistic about its prospects. In a recent interview, he highlighted the need for investors to establish factories in Nigeria to produce the minerals they mine. He emphasized the importance of value addition, security measures, and plans to make the sector data-driven.
The commissioning of a lithium factory in Nasarawa State marks a significant development in Nigeria’s mining industry. The Minister expressed the desire for solid minerals to become the economic hub of Nigeria, reducing dependency on oil. He stressed the need for value addition, ensuring that investors establish factories to process the minerals locally.
Addressing the issue of security, the Minister acknowledged the paramount importance of stability for investors. He outlined plans to enhance security measures in mining areas, incorporating technology such as real survey drones and artificial intelligence.
Furthermore, the Minister discussed the empowerment of officials to determine the type of solid minerals being extracted. He highlighted the training deal with the mining minister of Australia to enhance the technical capabilities of Nigerian personnel.
In addition, the Minister emphasised the need for environmental monitoring and the importance of reclaiming mined areas. He underscored the significance of providing investors with accurate data to make informed decisions.
The Minister also addressed the involvement of local contractors and investors, emphasizing the need to formalize their operations through cooperatives. He extended support to local operators, recognizing their role in the industry.
Regarding the role of state governors, the Minister emphasized the need for harmonizing policies and engaging with governors to avoid confrontation. He reiterated the exclusive legislative list for solid mines, emphasizing the Federal Government’s oversight in mining operations.
The Minister highlighted the diverse range of minerals available in Nigeria, including gold, lithium, iron ore, platinum, and gemstones. He emphasized the need for investors to prioritize value addition and local production.
In conclusion, the Minister stressed the importance of value addition, local processing, and environmental sustainability in the mining industry. He also provided insights into the establishment of the Nigerian Mining Corporation, highlighting its role as a special purpose vehicle to facilitate private-sector-driven governance.
Overall, the Minister’s vision for the mining industry in Nigeria encompasses value addition, security enhancement, and data-driven decision-making, positioning the sector for sustainable growth and development.