The Nigerian Federal Government aims to unlock the country’s mineral wealth to enhance economic growth at the upcoming Nigeria Mining Week, scheduled for November 18–20, 2024, in Abuja. With a focus on reforming regulatory frameworks and attracting investment, the event will gather stakeholders to discuss the industry’s future and address current challenges.
The Federal Government of Nigeria is committed to tapping into the country’s mineral wealth to foster economic growth and diversify revenue sources. The upcoming Nigeria Mining Week, held from November 18 to 20, 2024, in Abuja, aims to highlight Nigeria’s extensive mineral resources and their potential for national development. Mary Ogbe, the Permanent Secretary of the Ministry of Solid Minerals Development, briefed media outlets on the importance of this event, emphasizing that Nigeria is rich in valuable yet untapped minerals. The focus remains on reforming regulatory frameworks to unlock these resources sustainably. The conference will centre on leveraging these mineral assets to drive economic transformation, in line with the Federal Government’s Renewed Hope Agenda. Significant progress has been made in the mining sector to improve the investment climate through transparency and regulatory clarity. Dele Ayanleke, National President of the Miners Association of Nigeria, noted that the Nigeria Mining Week is a unique platform attracting international participation and has been essential for stimulating ideas and policy reforms in the mining sector. The event also showcases the latest technologies to enhance mining returns. Habeeb Jaiyeola from PwC Nigeria reiterated PwC’s commitment to supporting the sector’s growth, stating it remains vital for diversifying Nigeria’s economy away from oil dependence. The conference will open discussions on current challenges facing the sector and explore viable solutions to strengthen its future. Overall, the Nigeria Mining Week serves as an essential forum for collaboration among stakeholders to advance the mining industry and capitalise on Nigeria’s mineral wealth for economic prosperity.
The article discusses Nigeria’s efforts to harness its mineral wealth for economic diversification and growth. It features the upcoming Nigeria Mining Week, intended to showcase the country’s mineral resources, enhance investment opportunities, and facilitate stakeholder engagement. Government officials and industry leaders highlight the importance of developing a robust mining sector as a strategy to reduce reliance on oil revenues.
The Nigeria Mining Week is a strategic initiative aimed at enhancing the mining sector’s contribution to Nigeria’s economy. With a focus on international collaboration, sustainable resource management, and technological innovation, the event presents an opportunity to address challenges and unlock the country’s untapped mineral potential. The government’s commitment to regulatory reform and investment promotion underlines the significance of the mining sector in achieving economic diversification.
Original Source: tribuneonlineng.com