Dr. Dele Alake urged global investors to explore opportunities in Nigeria’s mining sector at the International Investment Forum in South Africa. He highlighted government reforms improving the business climate and potential collaborations with major mining companies. The newly launched electronic systems aim to streamline processes and attract investment. Strong interest from investors was noted, with partnerships likely to formalise at the upcoming Nigeria Mining Week.
Dr. Dele Alake, Nigeria’s Minister of Solid Minerals Development, has invited global investors, especially from South Africa, to capitalise on the nation’s expanding mining sector. Speaking at the International Investment Forum in South Africa, he highlighted Nigeria’s improved business environment due to ongoing reforms in solid minerals. The minister’s representative, Mary Ogbe, reinforced the government’s commitment to attracting international partnerships to boost the mining industry. Alake underscored the government’s Seven-Point Agenda aimed at promoting the sector and attracting global players like Glencore and Rio Tinto. Recent advancements, such as the Electronic Mining Cadastral System, have streamlined licensing processes, while the Nigeria Minerals Decision Support System offers investors critical geological data. Ambassador Tope Ajayi, hosting the event, emphasised the potential of Nigeria’s solid minerals to attract investment and foster collaboration. The forum fostered engagement between Nigerian officials and potential investors, with many companies showing interest in Nigeria’s mining sector. This interest is expected to culminate in partnerships during the upcoming Nigeria Mining Week from November 18-20, 2024, which will further solidify ties with South African mining firms.
The Nigerian mining sector is undergoing significant reforms aimed at attracting global investment and enhancing its competitiveness. The ongoing reforms are designed to simplify processes, provide vital data for decision-making, and create a more favourable business climate. Dr. Dele Alake’s call for foreign investors highlights the strategic direction of Nigeria’s government towards fostering partnerships and ensuring the growth of its mining sector, which is fundamental to economic development.
The Nigerian government is actively encouraging global investment in its mining sector, making strides in reforming business processes and providing essential support to potential investors. With significant interest generated at the recent investment forum and the upcoming Nigeria Mining Week, collaborations with international mining giants could substantially benefit Nigeria’s economy and the local populace.
Original Source: punchng.com