The Federal Government has met with the World Bank in its bid to advance the solid minerals sector in Nigeria.
The Minister of Solid Minerals Development Dr. Dele Alake disclosed the FG’s plan to improve the sector in a post on his official X account on Thursday after a meeting with the officials of the World Bank.
“Today, I convened a hybrid meeting with specialists from the World Bank to discuss Nigeria’s energy transition roadmap and the advancement of our country’s critical mineral value chain,” he wrote.
“I emphasized the importance of inter-ministerial collaboration in unlocking the potential of Nigeria’s solid minerals sector to drive sustainable development and meet global energy demands.”
Alake only last month wooed investors to the mining sector in Nigeria. He charged South African investors and global mining giants to seize the opportunities presented by ongoing reforms and improved business climate in Nigeria’s mining sector.
Speaking at the inaugural International Investment Forum and Roadshow in South Africa, Alake emphasised the openness of Nigeria’s market, driven by President Bola Tinubu’s renewed focus on solid minerals development.
According to a statement by Alake’s Special Assistant on Media, Segun Tomori, aggressive sector promotion is key to the minister’s Seven-Point Agenda, which has successfully drawn global attention, increasing both investments and revenue in Nigeria’s mining industry.
He said: “Our vision is to establish a sector, where global mining giants, such as Glencore, Rio Tinto, Intro-Africa Mining and Exploration, and Rainbow Mines recognise Nigeria’s vast mineral resources and collaborate with us to maximise the benefits of these resources for our citizens and economic development of the nation.”
Highlighting the positive impact of recent reforms, the minister, represented by the Permanent Secretary Dr Mary Ogbe, pointed out that the introduction of the Electronic Mining Cadastral System (EMC+) had streamlined the licensing process, enabling a fully digitised application system for mining licences.
Discussion about this post