Nigerian Mining and Geosciences Society Pushes for Increased Investment in Critical Minerals for Renewable Energy Market Expansion

The Nigerian Mining and Geosciences Society (NMGS) is advocating for greater investment in critical mineral resources to position Nigeria as a leading player in the rapidly growing renewable energy market. This call was articulated by NMGS President Akinade Olatunji during a recent interview in Abuja.

The push for increased investment comes ahead of the upcoming NMGS conference scheduled to take place from March 17 to 22 in Jos, Plateau. Nigeria is endowed with a total of 44 types of minerals, seven of which are classified as essential for the global energy transition.

Mr. Olatunji underscored the NMGS’s commitment to utilizing its platform to showcase Nigeria’s renewable energy potential to international investors, while also engaging with governments at all levels to do the same. He emphasized the importance of consistently supplying specific minerals to the global market to ensure that renewable energy technology is both affordable and sustainable.

The highly anticipated conference aims to spotlight Nigeria’s potential to contribute to the global transition towards cleaner energies. The NMGS is eager to raise awareness among the government at all levels in Nigeria about the vast potential in the geoscience and mining sector, and to encourage them to harness it for the nation’s benefit.

Mr. Olatunji is confident that the conclusion of the conference will reveal new opportunities, inspiring innovation among the nation’s policymakers. Expectations are high for major industry players in the mining sector, both locally and internationally, who are projected to engage in discussions on significant developments, explore investment prospects, and devise a strategic way forward.

In summary, the NMGS is actively working to position Nigeria as a significant player in the global renewable energy market through increased investment in critical mineral resources. The upcoming conference in Jos is expected to serve as a catalyst for discussions on Nigeria’s potential contribution to the renewable energy sector, as well as foster partnerships and collaborations aimed at propelling Nigeria into the spotlight in the critical minerals arena.

Source:
NAN