The Minister of Solid Minerals and Development, Dr. Dele Alake, has announced a significant advancement in Nigeria’s mining sector for the upcoming year, aligning with the sector’s commitment to enhancing the nation’s GDP.
Emphasizing President Bola Tinubu’s vision of economic diversification through a renewed emphasis on solid minerals during his new year’s message, Dr. Alake expressed optimism about the ongoing progress in achieving this goal.
According to him, Nigeria has abundant mineral resources that can generate revenue, create jobs, and foster industrial development.
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He cited examples of some of the minerals that have high potential for exploitation, such as gold, iron ore, limestone, coal, and bitumen.
He also mentioned some of the initiatives that the ministry is implementing to improve the sector, such as the establishment of the Mining Cadastre Office, the development of the Mineral Sector Support for Economic Diversification Project, and the enactment of the Nigerian Minerals and Mining Act 2023.
He urged stakeholders in the sector, including investors, miners, communities, and regulators, to collaborate and support the government’s efforts to harness the sector’s potential.
He assured Nigerians that the solid minerals sector will deliver positive outcomes for the economy and the people in the months ahead.
