FG engages stakeholders in mining sector to unlock mineral potential

The federal government engaged stakeholders in the mining sector to achieve the full potential of minerals wealth creation and employment for economic growth.

It also said that to boost the nonoil sector, the federal government is committed to creating a conducive business environment that will showcase the diverse investment prospects available in Nigeria.

The Permanent Secretary of the Ministry of Mines and Steel Development (MMSD), Dr. Mary Ogbe, stated this in Abuja while unveiling the 8th edition of the Nigeria Mining Week said that with a rich history of mineral resources, Nigeria stands poised to harness its mineral wealth for Sustainable Economic Growth and Development.

The Mining Week brought stakeholders from local and international experts such as PricewaterhouseCoopers (PwC), the Miners Association of Nigeria (MAN), and the Vuka Group, to engage in insightful discussions and collaboration that aimed at unlocking the full potential of Nigeria’s Mining Industry.

Ogbe said that the goal is to emphasize the role of the government in leading mineral exploration and attracting foreign investors to the mining sector, with its history of mineral resources, Nigeria stands poised to harness its mineral wealth for Sustainable Economic Growth and Development.

She said: “Nigeria Mining Week 2023 will provide ample networking opportunities, fostering connections among Industry Players, Government Representatives, and Service Providers. This interaction is vital for collaborations that can drive the sector’s growth process.

“It is our earnest expectation that the Nigeria Mining Week 2023 will be an event which will evolve value creation, encapsulating meaningful attributes that would lead to economic growth and sustainable development.”

In his remarks, the Director, Mining Portfolio, VUKA GROUP, Samukelo Madlabane, said, “The prospect of unlocking the full potential of Nigeria’s mining sector is nothing short of transformative. Beyond mere economic diversification, this endeavour promises to stimulate the creation of new infrastructure projects and contribute significantly to the country’s GDP.”

He noted that the strategic shift towards beneficiating minerals and reducing raw material exports heralds a new era for Nigeria. “Nigeria Mining Weeks serves as the cornerstone for building a sustainable mining industry, and the realisation of shared mining prosperity.

“By taking the right steps, we can craft a future where the benefits of its mineral wealth are harnessed for the greater good of all its citizens.

“An exciting development on the horizon is the discovery of battery metals within Nigeria’s borders. These finds gives Nigeria a competitive edge in the global battery metals market, an invaluable advantage as the world pivots toward a more sustainable and environmentally conscious future.”