Dele Alake announced that Nigeria will stop exporting mineral resources to boost local processing and value addition. This strategy aims to enhance the economy, create jobs, and tackle illegal mining. The ninth Nigeria Mining Week serves as a platform to promote industry development and new technologies.
Dele Alake, Nigeria’s Minister of Solid Minerals Development, emphasized the government’s commitment to halting the export of mineral resources during a press conference for the ninth edition of Nigeria Mining Week. The aim is to implement a value-addition policy that ensures minerals are processed locally to boost the economy. Nigeria, rich in 44 minerals, is focusing on local beneficiation to create jobs and enhance industrial growth. The government will tackle issues like illegal mining to secure mineral resources, reinforcing that the solid minerals sector should contribute significantly to the national GDP. Stakeholders view the mining week as an opportunity to enhance the industry and showcase technological advancements.
The Nigerian government seeks to develop its solid minerals sector to strengthen the economy, reduce dependency on external mineral imports, and create local job opportunities. This initiative aligns with global trends towards energy transition and sustainable mining practices. By prioritising local processing and value addition, Nigeria hopes to establish itself in the global mineral market and ensure local communities benefit from their resources.
In conclusion, the Nigerian government’s strategy under Minister Dele Alake aims to transform the country’s mining sector by prohibiting mineral exports, fostering value addition, and increasing local processing capabilities. This approach is set to benefit the economy and positions Nigeria for a prominent role in the global mineral value chain.
Original Source: www.thecable.ng