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Federal Government Collaborates With Mining Sector Stakeholders For Economic Growth through Mineral Wealth

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 The federal government has initiated dialogues with key stakeholders in the mining sector, aiming to fully tap into the potential of mineral wealth to generate employment and bolster economic growth.Affirming its commitment to enhance the non-oil sector, the federal government is dedicated to establishing a favorable business environment that will spotlight the diverse investment opportunities present in Nigeria.Unveiling the 8th edition of the Nigeria Mining Week, held in Abuja, Dr. Mary Ogbe, the Permanent Secretary of the Ministry of Mines and Steel Development (MMSD), highlighted that Nigeria’s rich history of mineral resources positions the nation to harness these assets for sustainable economic expansion and development….CONTINUE READING

 

The Nigeria Mining Week brought together local and international experts, including PricewaterhouseCoopers (PwC), the Miners Association of Nigeria (MAN), and the Vuka Group, for profound discussions and partnerships focused on unlocking the complete potential of Nigeria’s mining sector.

Ogbe emphasized the government’s role in spearheading mineral exploration and attracting foreign investments to the mining industry. She reiterated that Nigeria’s history of mineral resources positions the country to effectively leverage these assets for sustainable economic growth and development.

She conveyed, “Nigeria Mining Week 2023 will serve as a platform for extensive networking, fostering connections among Industry Players, Government Representatives, and Service Providers. This interaction is pivotal in forming collaborations that can propel sectoral growth.

“We earnestly anticipate that Nigeria Mining Week 2023 will be an event characterized by value creation, encapsulating meaningful attributes that will drive economic growth and sustainable development.”

Samukelo Madlabane, the Director of Mining Portfolio at VUKA GROUP, added his perspective, stating, “Unleashing Nigeria’s mining sector’s full potential has transformative implications. Beyond mere economic diversification, this endeavor holds the promise of initiating new infrastructure projects and contributing significantly to the country’s GDP.”

He noted that the strategic shift toward value addition to minerals and reduction of raw material exports signifies a new chapter for Nigeria. “Nigeria Mining Week stands as the cornerstone for establishing a sustainable mining industry and achieving shared mining prosperity.

“By taking appropriate measures, we can shape a future where the benefits of the country’s mineral wealth are harnessed for the collective well-being of its citizens.

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

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