By Grace Ademulegun
In an effort to boost the Nigerian economy, the federal government has declared its intention to pursue international mining alliances.
The declaration is contained in a statement by the Federal Ministry of Finance On Sunday, January 19, 2025, in Abuja following the meeting of the Future Minerals Forum (FMF), which took place in Riyadh, Saudi Arabia, from January 14 to 16.
Dr. Doris Uzoka-Anite, Minister of State for Finance, highlighted Nigeria’s abundance of natural resources and dedication to reviving its mining industry during the discussion.
She said through smart international alliances, the government hopes to stimulate economic growth, investment, and innovation.
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“We are positioning Nigeria as a leader in the global minerals and energy landscape with our rich resource base and a renewed focus on innovation, sustainability, and investment,” Uzoka-Anite stated, adding, “As we unlock the enormous opportunities in these sectors, we invite international investors to join us as partners.”
Over 14,000 people from 178 countries attended the FMF, which was dubbed the world’s premier venue for influencing the future of minerals. Among them were entrepreneurs, industry professionals, and government leaders.
Nigeria, according to the statement, had, at the FMC, resolved to draw in investment and encourage innovation in the mining industry, recalling that
Dr. Uzoka-Anite spoke with stakeholders, business executives, and Saudi officials in that regard.
These discussions, according to the statement, cleared the path for closer economic relations between Saudi Arabia and Nigeria by examining potential mining and energy cooperation.
The minister had, at the Forum, reiterated Nigeria’s status as a preferred partner in the global minerals and energy industries while highlighting the nation’s unrealised potential.
