Nigeria’s Minister of Solid Minerals urged South African investors to capitalise on reforms in the mining sector. He highlighted the government’s commitment to solid minerals through new systems that simplify licensing and provide essential geological data. Several companies showed interest in investing, with further connections expected at Nigeria Mining Week in November 2024.
Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, has called on South African investors and international mining firms to tap into opportunities created by the ongoing reforms within Nigeria’s mining sector. Speaking at the International Investment Forum in South Africa, Alake assured that Nigeria is “open for business” under President Bola Tinubu’s administration, which prioritises solid minerals. He unveiled his Seven-Point Agenda aimed at enhancing the mining sector’s profile on the global stage, leading to increased investments and revenue growth. Key reforms, including the introduction of the Electronic Mining Cadastral System and the Nigeria Minerals Decision Support System, have simplified the licensing process and improved access to critical data for investors. During the forum, several companies expressed interest in investing in Nigeria’s mining sector, with more collaborations expected at the Nigeria Mining Week scheduled for November 18-20, 2024.
The article covers the recent International Investment Forum held in South Africa, where the Nigerian Minister of Solid Minerals Development encouraged South African investors to engage with Nigeria’s mining sector. The article highlights significant reforms aimed at improving the business climate within the industry and enhancing the investment landscape. It details the government’s strategic focus to attract global mining giants and the technological advancements made to streamline processes for prospective investors.
The Nigerian government is actively promoting its mining sector to attract foreign investments, bolstered by significant reforms that enhance operational efficiency. Key systems introduced are geared towards making the country a more attractive destination for mining investments. The enthusiastic response from investors showcases the potential for fruitful partnerships, anticipated to strengthen during upcoming events such as Nigeria Mining Week.
Original Source: tribuneonlineng.com