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.