.jpeg "According to Alake, Nigeria's soil has abundant mineral resources for economic development.")
The statement further urges Nigerians and mining stakeholders to utilize the solid minerals incentives offered by the administration of President Bola Ahmed Tinubu in order to build and enhance their enterprises, hence providing support to the Mining Industry in Nigeria.
The minister made this announcement in Abuja during a pre-event press briefing for the next mining week scheduled to take place from October 16th to 18th, 2023. The event, themed "Unlocking Nigeria's Mining Potential," is regarded as a noteworthy occasion to highlight the considerable capabilities of Nigeria's mining industry.
Alake asserted that Nigeria possesses extensive mineral resources within its soil, which hold significant potential for fostering economic development and prosperity. This potential has the capacity to impact not only our nation but also the broader African Continent.
The primary objective of the mining week events is to cultivate an atmosphere conducive to the exchange of ideas among industry experts, stakeholders, and government officials, with the intention of enhancing the understanding and implementation of industry best practices.
The implementation of this initiative is expected to facilitate the development of new ideas and improve the overall competitiveness of the mining industry in Nigeria. This aligns with our objective of tapping into the untapped mining potential of the country, while also adhering to the principles of environmental sustainability, social responsibility, and good governance.
The promotion of investments in Nigeria's mining sector emphasizes the inherent opportunities for investment. These opportunities are characterized by a stable and favorable investment climate, which has been established through the presidential business enabling environment initiative. Additionally, the federal government offers highly attractive incentives to further encourage investment in this sector.
Hence, we extend an invitation to both domestic and foreign investors to delve into the extensive opportunities present in Nigeria's mining industry, with the aim of fostering expansion and financial gain, while also contributing to the achievement of the collective objective of equitable distribution of the earth's resources.
The mining sector is fundamentally guided by a vision that prioritizes sustainability. In this discourse, we shall emphasize the significance of adopting responsible mining methods that demonstrate reverence towards the environment, host people, and cultural legacy. These practices are considered vital in harnessing the mining potential of Nigeria.
According to Dele Ayanleke, the President of the Miners Association of Nigeria, the implementation of various technical workshops holds the potential to offer young individuals a promising opportunity for legitimate employment. This, in turn, could alleviate the prevalent issue of the "Japa Syndrome" as well as combat the negative influences of cybercrime and banditry. These activities, which contribute to brain drain and pose a significant threat to our nation, can be effectively addressed through the provision of viable means of livelihood.
According to Ayanleke, there is currently a notable surge in interest in the advancement of the solid minerals sector in our nation, which has not been experienced before, particularly after the discovery of crude oil.
One of the notable factors is the recent emergence of Nigeria as an attractive prospect globally. This is primarily due to the country's abundant and high-quality reserves of critical minerals, which are essential for the global shift towards renewable energy. Additionally, this newfound appeal is further amplified by the declining prospects of oil as both an energy source and a revenue generator on a global scale.
Furthermore, Dr. Mary Ogbe, the Permanent Secretary of the Ministry of Solid Minerals, emphasized that the 8th edition of the Nigeria Mining Week presents significant potential as a crucial forum for industry executives, stakeholders, and enthusiasts to gather and engage in the exchange of ideas.
According to Ogbe, Nigeria possesses a considerable number of mineral resources, which presents a distinct potential for promoting sustainable growth and development. This event serves as a testament to our commitment to effectively and responsibly harnessing these resources.
During this event, participants will have the opportunity to engage in intellectually stimulating discussions and dialogues facilitated by a diverse range of individuals including experts, policymakers, investors, innovators, academics, and community leaders.
These discussions will encompass a diverse range of subjects, such as legal frameworks, technology advancements, social accountability, and environmental preservation. By engaging in inclusive and collaborative endeavors, we may effectively establish a trajectory for a mining industry in Nigeria that is both lucrative and responsible.