Revamping Nigeria’s Mining Sector: Federal Government’s Pledge
The President of Nigeria, Bola Tinubu, has recently provided assurances to the public regarding the government’s strong commitment to revitalizing the mining sector. This assurance coincides with the commencement of the 8th edition of the mining week in Abuja, which has brought together over 1,500 participants to showcase the immense potential of Nigeria’s mining industry. The event’s theme, “Capitalising on Nigeria’s Critical Mineral Resources for its Growth”, underscores the government’s dedication to collaborating and developing sustainable mineral resources within the country.
President Tinubu, represented by Senator George Akume, expressed concern over the long-term neglect of the mining sector. Acknowledging Nigeria’s reputation as an oil and gas giant, he emphasized the need to diversify and harness the untapped potential of other sectors, including the solid mineral resources that Nigeria is rich in. The Minister of Solid Minerals Development, Dele Alake, also pledged to steer the mining sector towards significant economic diversification through the establishment of various initiatives and collaborations.
Furthermore, the Minister of Steel Development, Prince Shuaibu Audu, underscored the critical need to unleash the immense potential in the solid mineral sector. He emphasized the vital role of the steel sector in revitalising the economy and outlined comprehensive plans for industrial growth and job creation.
The President of the Miners Association of Nigeria, Dele Ayanleke, and the Event Director, VUKA Group, South Africa, Mr Samukelo Madlabane, also contributed to the event, focusing on legal and regulatory frameworks, sustainable development, investment, and cooperation within the mining industry.
In essence, the government’s commitment to bolstering the mining sector reaffirms its dedication to economic diversification, job creation, and industrial growth. The mining week serves as a stepping stone towards a prosperous and self-sufficient Nigeria, brimming with opportunities for both domestic and international investors.
