Leveraging Big Data to Boost Mining Investments in Nigeria

WIMIN asserts that Nigeria can attract mining investments by generating big data to certify proven reserves. This approach is essential for funding and enhancing GDP. Sustainable development practices and professional oversight are vital to mitigate mining risks and ensure economic benefits.

The Women in Mining in Nigeria (WIMIN) believes that Nigeria can attract significant mining investments and secure funding for development through big data generation. In a recent interview, WIMIN’s national president, Janet Adeyemi, highlighted that Nigeria’s wealth in critical minerals, essential for the global energy transition, necessitates certified proven reserves to appeal to major investors. She stressed the importance of having accredited mining reports to leverage funding and enhance GDP through investment partnerships. To effectively utilise its solid mineral resources, Nigeria should incorporate community engagement practices, such as stakeholder mapping and social impact assessments, into its sustainable development policies. Furthermore, Adeyemi called for professional oversight to reduce risks in mining, emphasizing the need for environmental and governance compliance to prevent negative impacts. She praised Minister of Solid Minerals Dele Alake for promoting gender inclusivity in the sector.

The article discusses the potential of big data in securing mining investments for Nigeria, particularly by certifying proven mineral reserves to attract investors. It emphasizes the need for strong sustainable development policies and community engagement to maximise the benefits from mining activities.

WIMIN advocates for the use of big data in mining to attract investments and funding in Nigeria. The association asserts that certified mineral reserves, community involvement, and professional oversight are critical for sustainable development in the mining sector, which plays a vital role in diversifying Nigeria’s economy and increasing its GDP.

Original Source: gazettengr.com

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