Nasarawa Governor Abdullahi Sule has called for the deregulation of Nigeria’s mining sector to enhance its potential. Speaking at the 60th Nigerian Mining and Geosciences Society Annual Conference in Abuja, he advocated for reforms akin to those in the oil and gas industry, emphasising the need for modernization and liberalisation to attract investment.

Governor Sule highlighted Nigeria’s abundant mineral resources and criticized existing policies that impede growth. Reflecting on his oil industry experience, he underscored the importance of structured revenue-sharing and industry regulations to secure adequate returns for mining states.

During his term, he discovered that despite 416 mining licenses granted in Nasarawa, the state was receiving no significant financial returns, prompting him to challenge the National Economic Council regarding the lack of revenue compared to the oil sector. Recognising flaws in the licensing process, he issued an executive order to ensure that all minerals processed in the state before export, which boosted local investments.

He proudly noted that Nasarawa State now hosts Nigeria’s largest lithium processing plant and several other smaller tin mining operations. Governor Sule urged Nigeria to shift focus towards long-term industrialisation over short-term financial gains, drawing comparisons to China’s approach to mining development.

Sule remains determined to overcome resistance to regulations that would ultimately benefit the sector and the economy. Professor Akinade Olatunji, President of the Nigerian Mining and Geosciences Society, acknowledged the governor’s contributions to advancing mining reforms in Nigeria, culminating in a fellowship award presented to him during the event.

Governor Abdullahi Sule’s call for the deregulation of Nigeria’s mining sector underlines his commitment to modernising the industry. By improving revenue-sharing mechanisms and enforcing operational regulations, he aims to harness the nation’s mining potential for sustainable growth and investment. His proactive measures reflect a determined effort to transform the sector into a vital component of Nigeria’s economy.

Original Source: dailypost.ng

The post Nasarawa Governor Advocates Deregulation of Nigeria’s Mining Sector first appeared on Nigerian Mining News.

The Nigerian Government is actively pursuing partnerships with international players in the mining sector to harness the nation’s capabilities. During the Future Minerals Forum in Riyadh, Saudi Arabia, Minister of State Finance, Dr. Doris Uzoka-Anite, highlighted Nigeria’s considerable resource potential and readiness for collaboration. She expressed a commitment to innovation, sustainability, and investment, positioning Nigeria as a key player in global minerals and energy. Dr. Uzoka-Anite urged global investors to explore the untapped opportunities available in Nigeria’s mining and energy sectors.

Attending alongside Minister of Solid Minerals, Mr. Dele Alake, Dr. Uzoka-Anite emphasised Nigeria’s openness for business at the Future Minerals Forum, which hosted over 14,000 participants from 178 countries, including government leaders and industry experts. The Nigerian delegation aimed to showcase the country’s extensive natural resources and support President Bola Ahmed Tinubu’s focus on economic growth through mining and energy collaboration.

The Future Minerals Forum serves as a significant platform for shaping the minerals industry’s future globally. Nigeria’s involvement at the forum illustrates its commitment to fostering international partnerships that drive economic advancement, aligned with the Renewed Hope Agenda of the Tinubu Administration, aimed at enhancing the country’s mining and energy sectors.

Nigeria is rich in natural resources, which presents significant opportunities for economic growth through the mining sector. The government is keen on attracting global partnerships to unlock these resources. With a strong focus on innovation and sustainability, Nigeria aims to improve its position in the global minerals market, enhancing its economic landscape in the process. Participation in international forums like the Future Minerals Forum reflects Nigeria’s strategy to engage globally and promote investment in its resources.

In summary, the Nigerian Government is seeking global partnerships to strengthen its mining and energy sectors. By showcasing its resource wealth at international forums, Nigeria is positioning itself as an emerging leader in the global minerals market. The ongoing efforts to attract foreign investment are aligned with the country’s broader economic agenda, aiming to stimulate growth and sustainability in critical industries.

Original Source: newtelegraphng.com

The post Nigeria Seeks Global Mining Partnerships to Strengthen Economy first appeared on Nigerian Mining News.

The Federal Government of Nigeria is actively pursuing global mining partnerships to enhance the country’s economy. This commitment was highlighted in a recent statement by Mr. Mohammed Manga from the Ministry of Finance, following Dr. Doris Uzoka-Anite’s presentation at the Future Minerals Forum in Riyadh. She stressed Nigeria’s resource wealth and the government’s eagerness to collaborate internationally to stimulate growth and promote investment in the minerals and energy sectors.

Dr. Uzoka-Anite invited global investors, pointing to Nigeria’s rich resource base and focus on sustainability and innovation as a means to position the country as a leader in the global mining landscape. She underscored that establishing strong partnerships could enhance Nigeria’s economic position and attract considerable investments. This effort aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda for growth in mining and energy.

Participation in the Future Minerals Forum underlines Nigeria’s commitment to attract foreign investments while promoting sustainable practices in mining. However, the Nigeria Mining Cadastre Office disclosed that less than 1,000 of the approximately 7,000 issued mining licenses are active. Despite generating considerable revenue, the NMCO faces funding challenges that impede its operations, including inadequate capital budgets for mining.

Minister Dr. Dele Alake voiced concerns over the scant N9 billion allocated in the 2025 capital budget for mining. While past reforms successfully created 45,000 jobs and increased revenue significantly, he warns that such limited funding may obstruct further exploration investments. The ministry initially proposed over N531 billion for capital expenditure but received only a fraction of that amount.

The article discusses Nigeria’s strategy to strengthen its economy through global mining partnerships. It highlights the government’s commitment to leverage the nation’s vast mineral resources, attract international investment, and drive innovative practices within the mining sector. The engagement at the Future Minerals Forum showcases Nigeria’s intent to enhance its position in the global minerals landscape and reflects ongoing challenges in funding and operational capacity within the mining sector.

The Nigerian government is keen on fostering global mining partnerships to invigorate its economy, with emphasis on sustainable practices and significant foreign investment. Despite generating substantial revenue, the mining sector faces operational challenges due to inadequate budget allocations. The participation in the Future Minerals Forum positions Nigeria strategically to engage potential investors while addressing existing funding concerns remains critical for unlocking the country’s mining potential.

Original Source: nairametrics.com

The post Nigeria Pursues Global Mining Partnerships to Enhance Economic Growth first appeared on Nigerian Mining News.

The Nigerian Federal Government aims to rejuvenate the economy through global mining partnerships. Minister of State Finance, Dr. Doris Uzoka-Anite, represented Nigeria at the Future Minerals Forum (FMF) in Riyadh, highlighting the country’s rich resource wealth and readiness for collaboration with investors. She stated, “With our rich resource base and a renewed focus on innovation, sustainability, and investment, we are positioning Nigeria as a leader in the global minerals and energy landscape.’

Uzoka-Anite, accompanied by Minister of Solid Minerals, Mr. Dele Alake, showcased Nigeria’s openness to business at the FMF. The forum attracted over 14,000 participants from 178 countries, allowing Nigeria to present its resource potential to the global community. This initiative aligns with President Bola Ahmed Tinubu’s Renewed Hope Agenda to stimulate economic growth through strategic partnerships.

Manga reported that the FMF has been pivotal for Nigeria in promoting economic advancement via mining collaborations. The Minister had discussions with Saudi officials and industry leaders, presenting Nigeria’s mining sector as an attractive investment destination. A joint session with the Saudi Ministry of Energy explored partnership opportunities in energy and mining, reinforcing Nigeria’s appeal as a preferred partner.

These engagements are aimed at strengthening economic ties between Nigeria and Saudi Arabia while highlighting Nigeria’s untapped resource potential. The Federal Government is committed to fostering partnerships that drive investment and innovation in the mining sector, welcoming global investors to explore these opportunities.

The article discusses Nigeria’s efforts to enhance its economy through international mining partnerships. It illustrates the government’s active participation in global forums to attract investments. The emphasis is on collaboration, resource management, and solidifying Nigeria’s position as a leader in mining and energy sectors, reflecting a strategic approach to economic revitalization.

The Nigerian government is prioritising global partnerships in mining to stimulate economic growth, backed by the participation of top officials at international forums. Efforts to showcase Nigeria’s resources are coupled with a commitment to innovation and sustainability, inviting international investors to explore and invest in the country’s mining sector. This approach is part of a broader initiative to enhance economic prospects through collaborative efforts.

Original Source: tribuneonlineng.com

The post Nigeria Pursues Global Mining Partnerships to Revitalise Economy first appeared on Nigerian Mining News.

Nigerian President Bola Ahmed Tinubu has urged the formation of a pan-African task force aimed at addressing the issue of illegal mining throughout the continent. His appeal comes in light of recent events in South Africa, where abandoned mine shafts have drawn thousands of miners, highlighting the precarious conditions they endure. Tinubu emphasises that illegal mining is depriving Africa of its critical resources, destabilising economies, and fostering criminal enterprises.

The issue of illegal mining has gained heightened attention in Africa, particularly in South Africa, where numerous miners have emerged from disused mines, facing hazardous and unsanitary conditions. This practice not only threatens safety but also represents a significant economic drain on the continent, as resources are siphoned away without regulation or benefit to local populations. Tinubu’s proposal seeks to unify African nations in combatting these activities and restoring the potential for lawful resource extraction to support economic growth.

In summary, President Tinubu’s call for a pan-African task force to combat illegal mining reflects a pressing need to safeguard Africa’s natural resources and bolster its economies against the detrimental impacts of informal mining practices. Addressing these issues collectively can enhance security, stability, and resource management across the continent.

Original Source: www.enca.com

The post Tinubu Calls for Pan-African Task Force to Address Illegal Mining first appeared on Nigerian Mining News.

Nigeria’s solid minerals sector is achieving significant advancements, according to Dr. Dele Alake, Minister of Solid Minerals Development. Speaking at the conclusion of Nigeria Mining Week, Alake highlighted the ministry’s efforts to internationalise the sector and make it a major component of President Bola Ahmed Tinubu’s Renewed Hope Agenda. He mentioned the strategic marketing initiatives that have enhanced global awareness of Nigeria’s mineral resources, stating, “One of our primary goals was to put Nigeria’s solid mineral sector on the global map.”

Emphasising the potential of critical metals such as lithium, cobalt, and nickel, Alake pointed out their importance for renewable energy technologies. He reiterated the solid minerals sector’s role in Nigeria’s economic diversification, aiming to increase its contribution to national growth and job creation. As the ministry plans reforms for greater transparency and efficiency, there’s optimism that a robust solid minerals sector can significantly elevate Nigeria’s GDP and lessen its reliance on oil revenues.

With a newfound focus on mining, Nigeria is set to unlock the potential of its rich mineral deposits, marking a transformative era for the country’s economy.

The discussion of Nigeria’s mining sector comes in the context of efforts to diversify the economy beyond oil dependency. Previous government policies have often sidelined the solid minerals sector, despite its potential. Initiatives are now underway to promote Nigeria’s abundant natural resources, particularly critical metals necessary for emerging technologies. This emphasis aligns with broader economic strategies aimed at enhancing job creation and sustainable growth.

In conclusion, Dr. Dele Alake’s remarks on the solid minerals sector signify a pivotal moment for Nigeria, seeking to leverage its mineral wealth for economic transformation. The focus on critical metals and strategic marketing not only aims to enhance global recognition but also supports national economic goals. Continued government efforts could indeed lead to a more diversified and prosperous economy, reducing dependence on oil and elevating Nigeria on the global stage.

Original Source: thesun.ng

The post Nigeria’s Solid Minerals Sector: Milestones and Future Potential first appeared on Nigerian Mining News.

At the International Mining and Resources Conference (IMARC) in Sydney, Australia, Honourable Minister for Steel Development, Prince Shuaibu Abubakar Audu, has urged global investors to consider Nigeria as a prime location for investment in the steel and metals sector. He presented the potential of Nigeria’s metallurgical industry and its offerings under President Bola Ahmed Tinubu’s Renewed Hope Agenda, emphasising the strategic advantages of locating investments in Nigeria. The Minister, alongside his team from the Ministry of Steel Development, including Permanent Secretary Dr. Chris Osa Isokpunwu, is engaging with Australian officials and industry leaders to secure funding for the steel sector. Prince Audu noted Nigeria’s historical establishment of a ministry dedicated solely to steel development and its recent steps towards industrialisation aimed at enhancing the country’s GDP. He underlined Nigeria’s abundant raw material resources like iron ore, coal, and limestone, and the country’s strategic position within Africa, which offers market access. Initiatives supporting investment, such as tax holidays and zero-duty incentives for imported machinery in the sector, were also highlighted, with the Minister inviting foreign partners to collaborate with Nigeria in realising these opportunities and fostering sustainable development.

This article discusses Nigeria’s strategy to attract foreign investment in the steel and metals sector through the participation of its Steel Development Minister at the IMARC conference. The focus on industrialisation, resource availability, and investment incentives illustrates the Nigerian government’s efforts to enhance economic growth and position the country as a leading investment destination in Africa. The establishment of the Ministry of Steel Development represents a significant shift in the Nigerian government’s approach towards industrial policy and collaboration with global investors, aimed at transforming the steel sector and leveraging the country’s vast resource base.

The Nigerian government, through the Minister of Steel Development, is keenly seeking to position the country as a top investment destination in Africa’s steel and metals sector. Armed with advantageous policies, an abundance of natural resources, and a focus on creating a conducive environment for foreign investment, Nigeria is eager to partner with global players to unlock its vast potential in the metallurgy field.

Original Source: nta.ng

The post Minister of Steel Development Encourages Foreign Investment in Nigeria’s Steel Sector at IMARC first appeared on Nigerian Mining News.