ABUJA – Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has extended a call to South African investors and global mining giants to explore the expanding opportunities in Nigeria’s mining sector.
Speaking at the inaugural International Investment Forum and Roadshow held in South Africa, Dr. Alake highlighted how ongoing reforms are enhancing Nigeria’s business climate, particularly in solid minerals development.
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Represented by Permanent Secretary Dr. Mary Ogbe, he emphasized the nation’s readiness for global partnerships, aligning with the renewed focus under President Bola Tinubu’s administration.
Dr. Alake, in a statement by his Special Assistant on Media, Segun Tomori, underscored the priority placed on aggressively promoting the sector as part of his Seven-Point Agenda.
“Our vision is to establish a sector where global mining giants, such as Glencore, Rio Tinto, Intro-Africa Mining & Exploration, and Rainbow Mines, recognize Nigeria’s vast mineral resources and collaborate with us to maximize the benefits for our citizens and national economic development,” Dr. Alake stated.
Recent sector reforms, including the launch of the Electronic Mining Cadastral System (EMC+), have simplified the licensing process through a fully digitized platform, facilitating mining license applications with greater efficiency. Additionally, the Nigeria Minerals Decision Support System (NMDSS) offers potential investors critical hydrological, geological, and geographical data to make well-informed decisions.
Hosting the event, Acting Nigeria High Commissioner to South Africa, Ambassador Tope Ajayi, emphasized the forum’s goal of showcasing Nigeria’s immense solid minerals potential to South African investors, aiming to secure valuable collaborations and attract crucial capital investment to spur sector growth.
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In a related development, Dr. Ogbe participated in a panel discussion where she briefed investors on Nigeria’s improved business climate and available incentives in the mining sector. The sessions fostered productive dialogue, with several companies signaling strong interest in Nigeria’s mining industry.
Many of these engagements are expected to culminate in formalized partnerships at the upcoming Nigeria Mining Week scheduled for November 18-20, 2024, which will bring together key South African mining firms and financial institutions, further strengthening the momentum generated at the Johannesburg forum.
Through these initiatives, Nigeria’s solid minerals sector is set for significant growth, positioning itself as a hub for global mining investments in Africa.
