Unlocking Nigeria’s Economic Potential: The Call to Harness the Mining Sector
In a recent interview with the media in Kaduna, Mr. Kashim Mshelia, a distinguished mining expert, expounded on the significant role of the extractive sector in addressing Nigeria’s economic challenges. Emphasising the potential of the industry to combat poverty and insecurity, Mshelia called for a coordinated effort by the federal and state governments to fully utilise the benefits of the mining sector.
Drawing from his extensive four decades of experience in the mining field, Mshelia underscored the lack of synergy between government tiers as a major obstacle to the sector’s growth. He urged for more effective coordination between the federal and state governments to unlock the latent benefits of the mining industry. One specific area of concern was the hindrance placed by certain state officials on licensed miners, impeding the progress of the sector and obstructing potential economic growth.
Furthermore, Mshelia advocated for states to take charge of mineral resource marketing in order to enhance their revenue streams, particularly in relation to the 13 percent derivation. This, he suggested, could lead to a more efficient and streamlined process, benefitting the entire sector.
Additionally, the experienced mining expert addressed the pressing issue of insecurity in various parts of the country. He identified this as a major hindrance to the development of the mining sector and called for urgent action to mitigate these challenges. Mshelia also refuted the common belief associating mining with banditry, emphasising the need for a recalibration of governmental roles to optimise the efficiency of the industry.
The potential economic impact of harnessing the mining sector in Nigeria is significant, and it is crucial for the government to take heed of Mshelia’s expert advice. By addressing the identified challenges and effectively coordinating between government levels, the country can potentially alleviate poverty and stimulate economic growth.
As we move forward, it is imperative for the Nigerian government to seriously consider the recommendations of professionals like Mr. Mshelia. The wealth of experience and expertise he brings to the table should serve as a valuable resource in guiding policies and initiatives for the mining sector. With the right approach and collaboration, Nigeria has the potential to unlock substantial economic benefits through its mining industry.
In conclusion, it is clear that the mining sector holds tremendous promise for Nigeria’s economic development. By taking the necessary steps to address existing challenges and capitalise on the expertise of industry professionals, the government can harness the full potential of the mining sector to combat poverty and stimulate socio-economic progress in the country.
