Renewable Economy: Minister of Solid Minerals Highlights Sector’s Importance

Nigeria’s Minister of Solid Minerals Development, Dele Alake, emphasized the significance of his role in the renewable economy during his swearing-in ceremony.

He stated that President Tinubu deliberately assigned him to the Ministry of Solid Minerals because of its crucial role in Nigeria’s economic renewal.

Alake explained that the Ministry of Solid Minerals Development holds a sensitive position in the context of economic renewal, as it plays a key role in diversifying the economy away from overreliance on hydrocarbons and petroleum.

He noted that global economic trends are shifting towards alternatives to fossil fuels, such as electric cars and renewable energy sources.

Recognizing the declining global importance of oil and petroleum, Alake asserted that Nigeria needs to focus on solid minerals as a viable alternative for economic growth.

He stated that this sector has the potential to contribute significantly to the Nigerian economy in the future.

Alake expressed his readiness to lead the ministry and work towards giving a new lease of life to the solid minerals sector.

He highlighted his passion, knowledge, and courage to drive the sector for the benefit of Nigeria.

This statement reflects a broader recognition in Nigeria of the need to diversify the economy and reduce dependence on oil revenues.

The Ministry of Solid Minerals Development is viewed as a critical component of this economic transformation.