Summary
The Nigerian Federal Government aims to unlock the country’s mineral wealth through the 9th edition of Nigeria Mining Week from November 18-20, 2024, in Abuja. This event seeks to attract key industry stakeholders to discuss investment and technological advancements while promoting the mining sector’s role in economic diversification. The government is committed to regulatory reforms to maximise the potential of its mineral resources.
The Federal Government of Nigeria is gearing up to tap into the country’s mineral wealth to stimulate economic growth and diversify its revenue sources. The upcoming 9th edition of Nigeria Mining Week, scheduled for November 18-20, 2024, in Abuja, will serve as a platform to showcase the abundant mineral resources available in Nigeria and their potential impact on the economy. Mary Ogbe, the Permanent Secretary of the Ministry of Solid Minerals Development, highlighted the event’s significance as a gathering for mining stakeholders. She emphasised the government’s commitment to reforming regulations to align with sustainable development goals and unlock the full potential of Nigeria’s rich mineral resources. The 2024 conference will focus on utilising these resources to drive economic transformation in line with the Federal Government’s Renewed Hope Agenda. Recent efforts have fostered a more investment-friendly environment, enhancing transparency and regulatory clarity within the mining sector. The Nigeria Mining Week is expected to attract influential leaders from the industry who will tackle key topics such as investment promotion and technological advancements. Dele Ayanleke, President of the Miners Association of Nigeria, mentioned that this event has consistently attracted international participants, providing a platform for innovative ideas and policy formulation. Habeeb Jaiyeola, Head of Mining Sector Business Development at PwC Nigeria, noted that this year’s theme, “From the inside out: Building the mining sector to be the cornerstone of Nigeria’s economy,” aims to showcase the mining sector’s achievements and address current challenges. He reaffirmed PwC’s longstanding support of the industry, highlighting the mining sector’s crucial role in the diversification agenda of the Nigerian economy.
Nigeria is rich in untapped mineral resources, which presents an opportunity for economic growth and diversification away from oil dependency. The Nigeria Mining Week serves as an essential annual event where stakeholders in the mining sector can discuss advancements, challenges, and strategies to enhance the industry’s contribution to the national economy. The government is actively working to create an environment that promotes investment in the sector through policy reforms and enhanced regulatory frameworks.
The Nigeria Mining Week 2024 plays a pivotal role in showcasing the country’s mineral wealth and fostering discussions aimed at unlocking the sector’s potential for economic growth. With participation from national and international stakeholders, the event aims to address challenges and drive investment, contributing to Nigeria’s goal of a diversified economy. The government’s focus on reforming the mining sector, along with support from organisations like PwC, is critical for realising these objectives.
Original Source: www.zawya.com