Nigeria’s New Mining System Aims to Boost Investment and Growth

The introduction of the Nigeria Mineral Resource Decision Support System (NMDSS) by the Nigerian government aims to stimulate economic opportunities within the mining sector. Dr. Dele Alake, the Minister of Solid Minerals Development, has accentuated the pivotal role of the NMDSS in supporting President Bola Ahmed Tinubu’s agenda for economic growth and development. He underscored the user-friendly interface, interactive mapping, customizable base maps, and data-driven decision-making capabilities of the platform.

Dr. Alake also emphasized that this initiative is a critical element of President Bola Ahmed Tinubu’s Renewed Hope Agenda, as it serves as an attractive magnet for potential investors and aims to reduce the cost of investment research. The NMDSS provides investors with instant access to essential data, such as geological surveys, infrastructure maps, and environmental information, thereby streamlining the investment process and eliminating the need for costly travel.

Additionally, the Minister pointed out the significance of the software in terms of easing the business environment within the mining sector. He mentioned that potential investors often ponder over questions such as the availability of labor, access to water sources for processing, and the existence of a well-connected road network for transporting excavated materials to factories.

The Minister of Interior, Olubunmi Tunji-Ojo, has pledged support for the NMDSS initiative and commended Dr. Alake’s efforts in promoting the mining sector on a global scale. Dr. Mary Ogbe, the Permanent Secretary of the Ministry of Solid Minerals Development, also called upon Nigerians to embrace the NMDSS and actively contribute to the growth of the sector.

Dr. Ogbe stressed the importance of refraining from negative discussions about the country, urging citizens to instead focus on addressing the challenges faced by the nation and working towards its progress. She also highlighted the need for self-promotion and marketing of the country’s potential, rather than relying on others to do so.

In conclusion, the introduction of the Nigeria Mineral Resource Decision Support System (NMDSS) represents a significant step towards enhancing transparency and accessibility within the mining sector. The platform holds the potential to attract increased investment, facilitate informed decision-making, and drive sustainable growth and development.