Summary
The Federal Government of Nigeria is highlighting its commitment to unlocking mineral wealth to drive economic growth through the 9th edition of Nigeria Mining Week. Scheduled for 18-20 November 2024, the event will focus on showcasing the country’s mineral resources, fostering investment, and addressing sector challenges.
The Federal Government of Nigeria is set to unlock the country’s mineral wealth to drive economic growth and diversification of revenue streams. The upcoming 9th edition of Nigeria Mining Week, scheduled for 18-20 November 2024 in Abuja, aims to spotlight Nigeria’s rich mineral resources and their economic potential. During a media briefing, Mary Ogbe, the Permanent Secretary of the Ministry of Solid Minerals Development, highlighted the importance of transforming Nigeria’s mineral assets into a sustainable growth engine. The forthcoming conference theme will focus on leveraging these resources to fulfill the Federal Government’s Renewed Hope Agenda. The mining sector has made substantial progress, fostering an investment-friendly climate characterised by transparency and regulatory clarity. The event will bring together key industry decision-makers to discuss vital topics, including investment promotion and technological advancement. Dele Ayanleke, President of the Miners Association of Nigeria (MAN), emphasized the event’s role in attracting international participants and facilitating knowledge exchange that contributes to policy formulation and sectoral reform. Habeeb Jaiyeola from PwC Nigeria noted that this year’s theme, “From the inside out: Building the mining sector to be the cornerstone of Nigeria’s economy,” aims to showcase the sector’s achievements and address current challenges. The commitment to supporting a transition to a non-oil dependent economy through enhanced mining practices was underscored.
The Nigerian mining sector has vast untapped mineral resources, which the government aims to capitalise on for economic growth. Recent reforms have been initiated to create a favourable environment for investment, focusing on transparency and regulatory clarity. Nigeria Mining Week has become a platform for stakeholders in the mining industry to engage in discussions, share ideas and drive innovations necessary for sustainable development.
The Nigerian Government’s efforts to unlock mineral wealth present significant opportunities for economic transformation. Through platforms like Nigeria Mining Week, the country aims to attract investment, foster technological advancements, and achieve sustainable growth in the mining sector, critical to diversifying its economy away from oil dependence.
Original Source: tribuneonlineng.com