Nigeria’s Ministry of Solid Minerals Development has mandated all mining lease applicants to submit a detailed value addition plan. This initiative seeks to reduce reliance on raw mineral exports and prioritise local mineral processing, thereby stimulating industrial growth and job creation. Dr. Mary Ogbe, Permanent Secretary of the Ministry, stated that the policy positions Nigeria as a model for sustainable mining and is integral to the government’s 7-point Agenda aimed at fostering innovation, integrity, and inclusivity within the sector. Also highlighted was the Energy Transition Minerals Development Policy, which aims to exploit Nigeria’s critical mineral resources for renewable energy needs. Moreover, reforms such as strengthening Community Development Agreements and enhancing human capital through skills development were mentioned as vital steps towards a resilient mining sector. Dr. Esther Udo, Director of Investment Promotion, reinforced the need for partnerships to harness the potential of Nigeria’s 44 commercially viable minerals, ensuring equitable benefits for host communities. The ongoing Nigerian Mining Week features discussions and workshops focused on enhancing mining sector growth and sustainability, covering topics like ESG compliance and investment strategies. Overall, these initiatives facilitate a cooperative dialogue among stakeholders to establish a robust mining ecosystem in Nigeria.

The Nigerian government is implementing reforms in the mining sector to pivot from raw mineral exports to value addition within the country. The Ministry of Solid Minerals Development is spearheading this initiative as part of its broader strategy to enhance the economic viability of mining. The focus is on creating jobs, better managing resources, asserting sustainable practices, and ensuring local community involvement in mining activities. These efforts are essential for aligning Nigeria’s mining sector with global standards and responding to the increasing demand for sustainable practices.

The Ministry of Solid Minerals Development’s new policy mandates that mining lease applicants provide value addition plans, aimed at reducing raw mineral exports and encouraging local processing. This initiative, along with significant reforms and strategies, is designed to create a sustainable, inclusive mining sector that benefits both the economy and local communities, while positioning Nigeria as a leader in responsible mining practices.

Original Source: von.gov.ng

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The Federal Government of Nigeria is making significant investments in technology and capacity building to transform the nation’s mining sector. Dr Mary Ogbe, Permanent Secretary of the Ministry of Solid Minerals Development, highlighted these efforts at the ninth Nigeria Mining Week Pre-conference workshop in Abuja, where she presented a paper on the legal and regulatory framework for mineral exploration. The use of modern technology is seen as vital for attracting major investors and enhancing local expertise within the sector. Dr Ogbe affirmed that the government’s focus on human capital development would not only boost productivity but also establish Nigeria as a centre of mining expertise. She emphasised the importance of transparency, sustainability, and local empowerment within the mining industry to foster national development. Collaboration among stakeholders is essential to unlock the sector’s full potential. Further insights were provided by Dr Esther Udo, Director of Investments Promotion and Mineral Trade, who stressed empowering mineral title holders as crucial partners in attracting investors. Udo outlined strategies including creating dialogue platforms and driving policy reforms to enhance clarity and investment prospects. Additionally, Mrs Aisha Rimi from the Nigeria Investment Promotion Commission presented measures aimed at enhancing investment in the solid minerals sector, such as tax holidays and improved geological knowledge. The overarching theme of the mining week focuses on building a resilient mining sector to support Nigeria’s economic growth. Organised by the Miners Association of Nigeria and the Ministry of Solid Minerals Development, this event aims to solidify the mining sector as a cornerstone of Nigeria’s economy.

The Nigerian government is actively working to improve the mining sector through technology and stakeholder collaboration. The ministry responsible for solid minerals development is focused on creating an environment that attracts investment while enhancing local expertise and capacity. Recent workshops, including the Nigeria Mining Week, serve as platforms for discussing regulations, policies, and strategies to boost the mining industry.

In conclusion, Nigeria’s efforts to revitalise its mining sector through technological advancements and strategic collaborations highlight a commitment to sustainable growth. By prioritising human capital and empowering key stakeholders, the government aims to strengthen the industry’s role in national development and attract significant foreign investment.

Original Source: nannews.ng

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