Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, has expressed optimism that the new Mining Act will significantly enhance the country’s GDP by maximising the economic potential of the mining sector. Speaking at a stakeholder meeting focused on the amendment of the Nigerian Minerals and Mining Act, 2007, Alake highlighted the collaboration among mine operators, policymakers, and the government in enhancing the industry.
Key points from the meeting include:
– The need to amend the 2007 Mining Act to fully unlock the sector’s potential.
– A shared objective among stakeholders to improve the operating environment and benefits from solid minerals.
– Recent initiatives by the ministry have received positive feedback from Nigerians and international investors.
– Alake’s appeal for continued momentum in achieving individual and collective goals in reforming the mining sector.
– Dr. Mary Ogbe, Permanent Secretary, emphasised the need for actionable solutions to boost the competitiveness of Nigeria’s mining industry, ensuring sustainability and improving citizens’ livelihoods.
This engagement represents a critical move towards establishing a stronger mining sector in Nigeria, with the revised Mining Act expected to address existing challenges and unlock growth prospects.