Summary
The Federal Government of Nigeria highlighted mining’s importance for economic transformation at a press conference before the ninth annual mining week. Dr. Mary Ogbe underscored the potential of Nigeria’s critical minerals for energy transition and industrialisation, aiming to attract foreign investment. The event is set for November 18, providing a platform for industry networking and discussions on sustainable mining practices.
The Federal Government of Nigeria emphasised the pivotal role of mining in transforming the nation’s economy during a press conference led by Dr. Mary Ogbe, the Permanent Secretary of the Ministry of Solid Minerals Development. At the event, which preceded the ninth annual mining week in Abuja, she highlighted that Nigeria is endowed with critical minerals essential for energy transition, fostering domestic industrialisation, and attracting foreign investment crucial for national development. Dr. Ogbe stated, “The theme for this year’s conference, which we will reveal in the coming weeks, is centred on our shared commitment to utilising our vast mineral wealth to propel Nigeria’s economic transformation.” Aligning with the Federal Government’s Renewed Hope Agenda, she focused on value addition, job creation, and enhancing Nigeria’s position in the global commodities market. The Nigeria Mining Week serves as a principal platform for industry stakeholders to network, exchange knowledge, and promote sector growth. Scheduled for November 18, this three-day event is expected to reflect on advancements made by the current administration in the mining sector, which houses some of the most valuable untapped mineral resources globally. Dr. Ogbe confirmed ongoing reforms aimed at unlocking these resources sustainably. Mr. Dele Ayanleke, the National President of the Miners Association of Nigeria (MAN), noted that the event fosters idea incubation for sector reforms and policies. Though delivered by legal advisor Mr. Shehu Birma, Ayanleke affirmed that the Nigeria Mining Week showcases emerging technologies that enhance returns on mining investments while attracting global interest in Nigeria’s rich mineral resources. The event is organised by MAN in collaboration with PwC Nigeria and Vuka Group, hosted by the Ministry of Solid Minerals Development.
Mining is considered a key sector for driving Nigeria’s economic growth due to the country’s vast mineral wealth. The government aims to leverage these resources to aid in energy transition and stimulate local industries while fostering international investments. The upcoming Nigeria Mining Week is an annual event that enables stakeholders to discuss, share knowledge, and strategise on enhancing the mining sector’s contributions to the economy. The context of this initiative is enshrined in the Renewed Hope Agenda of the Nigerian government, which seeks to modernise and maximise the country’s mineral potential sustainably.
In conclusion, the Federal Government recognizes mining as critical for Nigeria’s economic transformation. With the upcoming Nigeria Mining Week, stakeholders will gather to explore opportunities and innovations in the sector. The commitment to harnessing the nation’s mineral wealth aligns with broader goals of industrialisation and global market positioning, ensuring a focus on sustainable development while engaging in fruitful dialogues to foster sectoral growth.
Original Source: thesun.ng