- Tinubu’s Policies Boost Nigeria’s Mining Profile – Dele Alake
- Nigeria Seeks Regional Mining Partnerships, Investment
- Says Nigeria Ready for Responsible Mining Investment
The Minister of Solid Minerals Development, Dele Alake, has credited the rapid growth of Nigeria’s solid minerals sector to reforms introduced by President Bola Ahmed Tinubu, Eko Hot Blog reports.
According to the minister, the reforms have led to increased contribution of the sector to Nigeria’s Gross Domestic Product (GDP), improved foreign direct investment and a growing global perception of Nigeria as a favourable destination for mining activities.
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This was disclosed by the Director-General of the Mining Cadastre Office, Obadiah Nkom, during the recently concluded Prospectors and Developers Association of Canada Conference held in Toronto, Canada.
Alake noted that Nigeria remains open to partnerships with credible investors who are committed to responsible and sustainable mining practices.
Speaking at the 27th Annual African Mining Breakfast, a forum that brings together African ministers, industry leaders and global investors to discuss opportunities in the continent’s mineral sector, the minister emphasised the importance of collaboration among African countries to unlock their vast mineral resources.
The ministry’s delegation also participated in the International Mines Ministers Summit, which had representatives from countries including France, Chile, Saudi Arabia, Democratic Republic of the Congo, Cameroon, Sierra Leone, Canada, Egypt and Australia, as well as organisations such as the World Economic Forum.
Alake also reaffirmed the Federal Government’s commitment to promoting value addition within the solid minerals sector.
He explained that Nigeria is moving away from exporting raw minerals and is now prioritising local processing in order to maximise economic benefits for citizens and the national economy.
The minister further highlighted the need for stronger cross-border collaboration within Africa’s mining industry, noting that coordinated policies and structured agreements would help unlock greater opportunities for trade, investment and infrastructure development across the continent.
He called on development finance institutions and investors to support regional projects that connect mining operations with rail lines, power infrastructure and processing facilities across national borders.
“Nigeria is ready to anchor such corridors. We have the data, the reforms and the political backing, and all we need right now is capital structured for integration,” he said.
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