Mary Ogbe, Permanent Secretary of the Federal Ministry of Solid Minerals Development, announced that Nigeria’s solid minerals sector has exceeded its revenue target of N10 billion for 2024, achieving this milestone by September 2024. This information was shared during the Nigeria Mining Week in Abuja, where she highlighted the government’s commitment to developing the industry.

Ogbe emphasised the significant strides made in the sector through progressive policies and regulations that are transforming Nigeria’s economic landscape. She stated, “We are not merely refining an industry, we are building a resilient and inclusive mining powerhouse that taps into the vast potential of our land and its people.”

The Permanent Secretary pointed out that the ministry, under Dele Alake’s leadership, has formed a 7-point agenda aimed at creating economic growth via mining. She expressed confidence in continued improvement in revenue generation, predicting even higher figures by the year-end.

Lolade Ososami from Udo Udoma and Belo-Osagie reiterated the need for enhanced security to increase investor confidence, stating, “We need to boost confidence locally and internationally such that at least when you have a license, you can access your site.” She also noted areas for improvement in the legislative and regulatory framework for mining.

The Nigerian solid minerals sector is experiencing significant growth, having surpassed its revenue target ahead of schedule. Commitments to robust policies and security enhancements are crucial for sustaining this growth, with emphasis on building a strong regulatory framework to attract investment and nurture local talent.

Original Source: businessday.ng

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