Dr. Dele Alake, Minister of Solid Minerals Development, announced the Nigeria Solid Minerals Corporation aimed at revamping the mining sector. Modeled after NLNG, it promises a collaborative investment strategy and improved mining regulations. UK support is welcomed to enhance capacity building, essential for potential growth by 2025.
The Minister of Solid Minerals Development, Dr. Dele Alake, announced that the Nigeria Solid Minerals Corporation will transform the mining sector and support sustainable development. This information was relayed by Segun Tomori, the Minister’s Special Assistant on Media, during a meeting with UK Deputy High Commissioner Jonny Baxter.
The establishment of the Nigeria Solid Minerals Corporation aims to create a robust mining sector, drawing on the successful operation model of Nigeria Liquefied Natural Gas (NLNG). The corporation is expected to have a balanced equity structure involving private and public investment, encouraging active participation from local stakeholders and international partners.
The Nigeria Solid Minerals Corporation embodies the government’s commitment to sector reform, aiming for a competitive and recognised mining industry by 2025. Support from international partners, like the UK, plays a crucial role in this transformation, bringing technical expertise and investment opportunities to the region.
Original Source: von.gov.ng