The Nigerian government is focused on diversifying the economy by utilising solid mineral resources to foster growth. During a meeting with Ghana’s Defence Studies delegation, officials highlighted the need for strategic improvements in mining practices and regulatory frameworks, aiming to enhance government revenue and GDP.
The Nigerian government is committed to diversifying the economy by harnessing its solid mineral resources to spur socio-economic growth. During a meeting with a delegation from the Ghana College of Defence Studies, Mr. Yunnusa Muhammed, director of the artisanal & small-scale mining department, highlighted the urgent need to transition from a monolithic economy, which Nigeria has had since the late 1950s. He stated that the Tinubu administration aims to increase government revenue and improve the nation’s GDP by prioritising the solid minerals sector. Muhammed expressed optimism that the exchange with the Ghanaian delegation would expand their knowledge of mining practices, noting Nigeria’s ability to learn from Ghana’s extensive experience in artisanal and small-scale mining. The visit, led by Brigadier-General Fred Ntiri, focused on understanding Nigeria’s solid mineral sector, with a theme centred around “Environment, Security & Development”. Dr. Vivian Okono provided insights on the ministry’s operational structure, regulatory frameworks, and government initiatives aimed at overseeing and enhancing the solid minerals sector. The session enriched the visitors’ understanding of Nigeria’s policies and measures towards improving this critical economic area. Other officials, including Engr. Imam Ganiyu, contributed valuable information during the discussions, fostering a comprehensive exchange of ideas and practices.
This article discusses the Nigerian government’s initiative to diversify its economy by focusing on solid minerals, which are seen as a vital sector for boosting revenue and economic stability. The meeting with the Ghana College of Defence Studies underscores Nigeria’s recognition of the need for international collaboration and learning from established practices in mining, particularly in artisanal and small-scale contexts. The emphasis on knowledge exchange and the importance of solid minerals in economic planning reflects Nigeria’s efforts to adapt to current economic challenges.
The Nigerian government is actively pursuing economic diversification through the solid minerals sector, aiming to combat reliance on oil revenue. By engaging with international partners like Ghana, Nigeria seeks to enhance its mining practices and regulatory frameworks, thus fostering growth and development. The interactive discussions highlight a commitment to learning and adaptation as critical strategies for economic resilience.
Original Source: sciencenigeria.com