MINISTER HAILS TINUBU’S POLICIES FOR PROGRESS IN SOLID MINERALS SECTOR
Read Time:2 Minute, 43 Second
By: Fasasi Hammad
Nigeria’s solid minerals sector is experiencing notable growth, a development the Minister of Solid Minerals Development, Dele Alake, has attributed to the reform policies introduced by Bola Tinubu.
In a statement released on Sunday by the minister’s Special Assistant on Media, Segun Tomori, it was noted that the sector has recorded improved contributions to Nigeria’s Gross Domestic Product, increased foreign direct investment, and growing global recognition of the country as an attractive mining destination.
Represented by the Director-General of the Mining Cadastre Office, Obadiah Nkom, at the recently concluded Prospectors and Developers Association of Canada Conference in Toronto, Alake reiterated Nigeria’s openness to partnerships with credible investors committed to responsible and sustainable mining practices.
While speaking at the 27th Annual African Mining Breakfast, a forum that brings together African ministers, industry stakeholders and global investors, the minister stressed the need for stronger collaboration among African countries to fully harness the continent’s vast mineral resources.
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According to the statement, Alake linked the sector’s progress to reforms introduced under the Tinubu administration, which have helped raise Nigeria’s profile as a promising mining investment destination.
He noted that Africa’s mining integration often falters not due to a lack of frameworks but because many projects fail to progress across national borders.
“A mine may be viable in one country, but the supporting rail link, power supply or processing facility could be located across the border, and no institution takes responsibility for linking these elements,” he said, urging development finance institutions and investors to focus on funding regional infrastructure that connects mining projects across countries rather than isolated ventures.
The minister added that Nigeria is ready to support such regional initiatives.
“We have the data, the reforms and the political support. What we require now is capital structured to drive integration,” he stated.
As part of activities at the conference, Nigeria’s delegation also participated in the International Mines Ministers Summit, engaging with representatives from countries such as France, Chile, Saudi Arabia, Democratic Republic of the Congo, Cameroon, Sierra Leone, Canada, Egypt, and Australia, as well as international organisations including the World Economic Forum.
On the sidelines of the event, the Nigerian team also held discussions with Paula Caldwell, facilitated by Pasquale Salvaggio, to explore ways of strengthening mining sector cooperation between Nigeria and Canada ahead of the upcoming African Partnership Business Conference scheduled for May.
Caldwell explained that the conference aims to connect Canadian companies seeking to expand their operations across Africa, including those interested in entering or strengthening their presence in Nigeria.
The four-day PDAC conference featured several high-level engagements between Nigeria’s delegation, global mining executives, development partners and prospective investors, highlighting the country’s mineral potential and ongoing reforms aimed at improving transparency, formalising artisanal mining, enhancing geological data and creating a more attractive investment environment.
Alake also stressed that the Federal Government is prioritising value addition within the sector by encouraging local processing of minerals instead of exporting raw resources, while underscoring the importance of cross-border cooperation to ensure African nations collectively benefit from mining investments, trade and shared infrastructure.
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