Boosting Nigeria’s Solid Minerals Sector: A Partnership with PwC
The Ministry of Solid Minerals Development in Nigeria is preparing for a collaboration with PricewaterhouseCoopers (PwC) to bring the government’s seven-point roadmap for the sector to fruition. This partnership marks a significant stride towards transforming the nation’s solid minerals industry.
During a meeting at the office of the Minister of Solid Minerals Development, Mr. Habeeb Jaiyeola, a representative from PwC, was cordially welcomed. The Minister, Dele Alake, expressed profound gratitude for PwC’s involvement in the recent Nigerian Mining Week and the initial phase of the bitumen concession programme.
Recognizing the crucial role played by PwC in the development of the mining sector, Alake assured the consulting firm that their expertise and insights would be pivotal in the forthcoming reforms in the mining sector. He also underscored the government’s dedication to leveraging the mining sector as a catalyst for Nigeria’s overall prosperity.
In response, Jaiyeola outlined PwC’s readiness to collaborate with the Ministry in achieving the objectives outlined in the seven-point agenda. It is evident that this agenda aims to position the solid minerals sector as a key player in attracting Foreign Direct Investment (FDI) to Nigeria.
“We have thoroughly assessed the 7-point agenda and provided recommendations on how to bring it to fruition. Our focus is on identifying potential pitfalls and outlining strategies to mitigate them. It is imperative that there are tangible deliverables by the end of this administration’s tenure, and we are committed to establishing a clear roadmap for their achievement,” emphasized Jaiyeola.
The Minister has unveiled a 7-point agenda titled “Agenda for the Transformation of the Solid Minerals Sector for International Competitiveness and Domestic Prosperity.” This agenda encompasses the establishment of the Nigerian Solid Minerals Corporation, the creation of a Big Data system focusing on seven priority minerals and their deposits, and a comprehensive review of all mining licenses, among other key initiatives.
The partnership between the Ministry of Solid Minerals Development and PwC is poised to usher in a new era for Nigeria’s solid minerals sector. It reflects a shared commitment to driving sustainable growth, attracting investments, and fostering international competitiveness in the industry. With the backing of PwC’s expertise and collaborative approach, the government’s seven-point agenda holds the potential to revolutionize the nation’s solid minerals landscape for the better.
