Unlocking Nigeria’s Economic Potential: The Rise of Solid Minerals

Nigeria, a nation grappling with economic adversity, is actively seeking new sources of income. Abdulsalam Abdulkarim Zaura, popularly known as AA Zaura, the All Progressive Congress (APC) candidate for the Kano Central Senatorial seat in the 2023 general elections, has passionately advocated for the solid mineral sector as the linchpin for economic expansion and resilience.

In a press briefing in Abuja, Zaura, a seasoned business magnate, underscored the unexplored possibilities of Nigeria’s solid mineral sector and called for immediate exploration and development. With a wealth of experience in diverse industries such as Renewable Energy, Oil and Gas, and Real Estate Finance and Development, Zaura is a vigorous proponent of broadening the country’s revenue base.

“I delved into solid minerals in 2003/2004, and I can attest that our mining efforts were primarily focused on tantalite and tourmaline rather than gold,” he disclosed. “Our lack of acknowledgment of the abundant resources beyond oil has stymied the progress of the solid mineral sector. As a nation, our overreliance on oil must give way to a renewed emphasis on solid minerals.”

Zaura emphasized that reorienting focus towards minerals like gold, which holds higher value than oil, could substantially augment the country’s earnings. He specifically highlighted the extensive mineral reserves in states like Zamfara and Niger, underscoring their potential as pivotal revenue sources with appropriate attention.

Nevertheless, Zaura also underscored the paramount importance of addressing insecurity in regions rich in solid mineral deposits. He attributed the surge in insecurity to political motives and emphasized the government’s necessity to exhibit resolute political determination in combating illicit mining activities that have impeded the sector’s progress.

“Insecurity in these regions is emblematic of political agendas. The government must take the lead in tackling this issue,” Zaura asserted. “The resources belong to the government, and it is their duty to safeguard both the populace and their investments. By ensuring security, the government can attract more investors and foster a conducive environment for mining activities.”

Zaura commended the dedication of the Tinubu-Led Federal Government to prioritizing the mining sector, expressing optimism that substantial progress could be attained if this momentum is sustained. He urged the government to establish an enabling environment to entice investors to communities abundant in solid minerals.

It is apparent that solid minerals have the potential to serve as a new frontier for Nigeria’s economic affluence. The advocacy for diversification and focus on this sector, coupled with the dedication of the current administration, are clear indicators of the significant role solid minerals can play in propelling the country’s economic development.

As Nigeria continues to grapple with economic hurdles, the advancement of its solid mineral sector could hold the key to unlocking untapped wealth and establishing a more sustainable and diversified economic landscape. It is imperative for the government and stakeholders to heed Zaura’s counsel and take decisive measures towards harnessing the vast potential of solid minerals for the nation’s benefit.