Maximizing Nigeria’s Economic Potential: The Rise of Solid Minerals
In a recent interview with the News Agency of Nigeria (NAN), Abdulsalam Abdulkarim-Zaura, a well-respected businessman and philanthropist, commonly known as AA Zaura, underscored the untapped potential of Nigeria’s solid mineral sector as a viable alternative to the country’s reliance on crude oil for economic growth and development.
In the midst of Nigeria’s current economic challenges, Zaura highlighted the opportunity for the country to leverage its solid mineral resources as a lucrative alternative revenue source. Hailing from Kano State, Zaura articulated the need for the Federal Government to redirect its attention towards harnessing the immense potential of the solid minerals sector.
Expressing his concerns, Zaura noted the country’s excessive dependence on oil as its primary source of income, neglecting the abundance of other resources, particularly in the solid minerals sector. He emphasized the substantial economic value of minerals such as gold, highlighting their potential superiority to oil.
Furthermore, Zaura stressed the need to address security challenges in regions abundant with solid mineral deposits. He emphasized that the government must prioritize security to create a conducive environment for both local and foreign investors to engage in mining activities within these areas.
Moreover, Zaura reiterated the importance of combating illegal mining activities, asserting that their prevalence has hindered the sector from making meaningful contributions to the nation’s revenue. By addressing these issues, the sector can attract more investors and effectively contribute to Nigeria’s economic growth and development.
Acknowledging the current administration’s efforts to revamp the solid minerals sector, with a renewed focus on enhancing the exploration and exploitation of mineral resources, Zaura expressed optimism about the potential impact on the country’s economy. He specifically acknowledged the administration of President Bola Tinubu for demonstrating commitment to revitalizing the sector.
In conclusion, Zaura emphasized the need for increased governmental attention and support for the solid minerals sector, recognizing the immense opportunities and revenue it could generate if given the proper focus and investment.
In summary, Zaura’s insights shed light on the transformative potential of Nigeria’s solid minerals sector, with the hope that the country will diversify its economic base and tap into the vast opportunities that lie within this often overlooked resource.
