Nigeria’s solid mineral sector has historically been overshadowed by the heavy reliance on oil as the primary contributor to the country’s GDP. Dr. Amuda Kayode Abdulgafar, a distinguished academic and geoscientist, offers valuable insights into the potential of the non-oil sector and its role in sustainable economic development and employment opportunities.
Dr. Abdulgafar, an esteemed alumnus of reputable institutions and a member of prestigious professional bodies, emphasizes the necessity for Nigeria to exploit its diverse array of solid mineral resources, including gold, iron, lead, zinc, coal, and gemstones. Despite this abundance, the sector currently contributes less than 1% to the country’s GDP due to factors such as overreliance on oil, unstable policies, and outdated geoscience data.
In addressing these challenges, Dr. Abdulgafar underscores the importance of developing a strategic roadmap to attract foreign investment, enhance legal frameworks, and update data within the solid mineral sector. With the implementation of appropriate policies, Nigeria’s mineral wealth has the potential to drive economic growth and job creation, thus diversifying the economy away from oil dependency and significantly contributing to the country’s GDP.
One key aspect that Dr. Abdulgafar highlights is the necessity for a reliable database of Nigeria’s mineral wealth. He emphasizes that accurate and up-to-date information is crucial for planning, investment decisions, and policy formulation, providing potential investors with the necessary information to assess the viability of mining projects. Through the utilization of remote sensing technology, Nigeria can pinpoint prospective areas with economically viable metallic deposits, ensuring a favorable return on investment and preventing issues such as the Bre-X gold scandal.
Furthermore, Dr. Abdulgafar emphasizes the impact of reporting standards on mining practices, citing examples of Canada and Australia where stringent standards have led to improved investor confidence and responsible mining. He advocates for Nigeria to adopt similar measures to promote transparency, sustainability, and responsible investments in the mineral sector. Additionally, he believes that the government should provide financial incentives, invest in infrastructure, and develop partnerships to attract and retain investors in the mining industry.
Looking towards the future of mineral exploration in Nigeria, Dr. Abdulgafar acknowledges the potential for economic growth and diversification. However, he stresses that addressing key challenges, such as state government interference and conflicts, is essential. He believes that maintaining up-to-date data, deploying IT through GIS and remote sensing technology, and incorporating practical modules in university curriculums will equip the youth with the necessary skills for careers in the mining industry.
In terms of professional commissioning, licensing, and regulatory agencies, Dr. Abdulgafar describes Nigeria’s framework as robust but suggests a need for a centralized coordination body to ensure seamless collaboration and facilitate information sharing. He expresses support for the establishment of the Nigerian Solid Minerals Corporation, provided it avoids duplicating efforts with existing agencies and focuses on structured and efficient management of the country’s mineral resources.
Finally, in the fight against illegal mining, Dr. Abdulgafar advocates for a comprehensive approach, including strengthening regulatory frameworks, increasing surveillance and monitoring, providing alternative livelihoods, and raising public awareness about the negative impacts of illegal mining on the environment and local communities.
In conclusion, Dr. Abdulgafar provides valuable insights into Nigeria’s solid mineral wealth and the strategies needed for sustainable development and strategic investment. With his expertise and experience, he offers a compelling vision for the future of the non-oil sector, outlining key steps for Nigeria to harness its mineral wealth for economic growth and job creation.