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

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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

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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

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