FG promises enabling Environment for Investors in Mining Sector

President Bola Tinubu has expressed the Federal Government’s commitment to develop the Mining Sector by creating an enabling Environment for Players in the Industry to thrive.

The President said this at the opening of the 8th Edition of Nigeria Mining Week in Abuja.

Represented by the Secretary to the Government of the Federation, George Akume, Tinubu expressed worry that the Mining Sector was neglected for a long time.

The Mining Week serves as a Networking Platform for Stakeholders in the Industry to showcase the huge potential in Nigeria’s Mining Industry.

The Event with the Theme “Capitalising on Nigeria’s Critical Mineral Resources for its Growth”,  had more than 1, 500 Participants.

According to Tunubu, The theme underscores Federal Government’s commitment to Sustainable Development and collaboration within the Mining Industry.

He said that the devolution of the Ministry of Mines and Steel Development demonstrated Federal Government’s resolve to improve its contributions to the development of Nigeria’s Economy.

“Government shall continue to ensure good Business Environment for Investors in the Sector by ensuring Policy consistency and adequate security.

“Nigeria is known for its Oil and Gas, which is a fraction of its blessed Natural Resources and there is a need for Nigeria and Africa at large to diversify and develop other Sectors to harness their potential,” the President said.

The Minister of Solid Minerals Development, Dele Alake pledged that the Ministry would develop the Mining Sector as a significant source of Economic diversification.

“We charted a new direction with the articulation of the Seven-Point Transformation Agenda focusing on establishment of the National Mining Company and Development of big, standardised and Internationally Certified Data.

“Others are formalisation of Artisanal Mining through Co-operatives and security of Mines in collaboration with the Security Agencies.

“Also the conscientisation of Mining Communities to ensure their Lawful Rights and commit Licences to Community empowerment and the strategic promotions of our Country’s vast Mineral Deposits for Indigenous and International Investments,’’ he said.

Alake hailed Stakeholders’ enthusiasm in the Solid Minerals Sector in embracing the ideas and proposing many pathways to achieving the Roadmap.

“This has led to several collaborations and initiatives across the Landscape.

“The dedication to diversifying Nigeria’s Economy through Mining align perfectly with our shared goals and I am confident that the culmination of this Event will continue to lead us toward a prosperous future,’’ he said.

The Minister said that Nigeria was set for a great leap of transformation by harnessing the Solid Mineral Resources judiciously.

Similarly, the Minister of Steel Development, Shuaibu Audu emphasised the need for Nigeria to unleash the immense potential in the Solid Mineral Sector

“We are not merely celebrating the potential today, we are recognising them as the driving force behind the Economic Growth that is at the heart of President Bola Tinubu’s Renewed Hope Agenda.

The Event Director, VUKA Group, South Africa, Samukelo Madlabane said the Event would serve as a stimulus for Sustainable Development, Investment and cooperation within the Mining Industry.

“This is with an emphasis on maximising Nigeria’s Mining potential, especially for its critical Minerals,’’ Madlabane said.