⛏️ Alake: Capital Market is Key to Unlocking Nigeria’s Mining Growth
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has stressed that the capital market will play a critical role in driving growth and sustainability in the country’s mining sector.
He made this known at a webinar themed “Unlocking Nigeria’s Solid Minerals Potential through the Capital Market,” organised by the Solid Minerals Development Fund (SMDF) in partnership with the Nigerian Association of Securities Dealers (NASD) OTC Exchange.
Key Highlights:
• Financing for Mining Growth
Through the capital market, long-term financing can be mobilised for exploration and project development. This would help junior mining companies raise funds, list on the exchange, and scale operations.
• Unlocking Geological Assets
The market can support securitisation and monetisation of geological assets, making it easier to channel institutional capital into infrastructure, processing hubs, and new mining technologies.
• Collaborative Approach
Alake noted the importance of partnerships—with financial institutions, DFIs, capital market operators, and host communities—to ensure inclusive participation and shared prosperity.
• Environmental & Social Standards
He stressed that the sector’s growth must align with environmental and social best practices for true sustainability.
• Towards a Mining Renaissance
While Nigeria has vast mineral wealth and strong political will, Alake acknowledged that the missing pieces remain capital, technology, and partnerships. Harnessing these could spark a full-scale mining renaissance.
Additional Insights:
• Reconnaissance Permits: The Director-General of the Mining Cadastre Office, Mr. Obadiah Nkom, explained that investors should start with a reconnaissance permit—the cheapest and smartest entry point into Nigeria’s mineral wealth.
• Tokenisation of Assets : Expert Paul Lalovich highlighted the growing trend of tokenising mineral assets on blockchain, which could unlock trillions in value and make ownership more accessible.
• SMDF’s Position: Executive Secretary Hajiya Fatima Shinkafi said the forum was crucial for deepening capital market participation and fully realising the value of Nigeria’s mineral resources.
✨ In short: The Nigerian mining sector is gearing up for major transformation, and the capital market is seen as the bridge between potential and prosperity.
Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake, has stressed that the capital market will play a critical role in driving growth and sustainability in the country’s mining sector.
He made this known at a webinar themed “Unlocking Nigeria’s Solid Minerals Potential through the Capital Market,” organised by the Solid Minerals Development Fund (SMDF) in partnership with the Nigerian Association of Securities Dealers (NASD) OTC Exchange.
Key Highlights:
• Financing for Mining Growth
Through the capital market, long-term financing can be mobilised for exploration and project development. This would help junior mining companies raise funds, list on the exchange, and scale operations.
• Unlocking Geological Assets
The market can support securitisation and monetisation of geological assets, making it easier to channel institutional capital into infrastructure, processing hubs, and new mining technologies.
• Collaborative Approach
Alake noted the importance of partnerships—with financial institutions, DFIs, capital market operators, and host communities—to ensure inclusive participation and shared prosperity.
• Environmental & Social Standards
He stressed that the sector’s growth must align with environmental and social best practices for true sustainability.
• Towards a Mining Renaissance
While Nigeria has vast mineral wealth and strong political will, Alake acknowledged that the missing pieces remain capital, technology, and partnerships. Harnessing these could spark a full-scale mining renaissance.
Additional Insights:
• Reconnaissance Permits: The Director-General of the Mining Cadastre Office, Mr. Obadiah Nkom, explained that investors should start with a reconnaissance permit—the cheapest and smartest entry point into Nigeria’s mineral wealth.
• Tokenisation of Assets : Expert Paul Lalovich highlighted the growing trend of tokenising mineral assets on blockchain, which could unlock trillions in value and make ownership more accessible.
• SMDF’s Position: Executive Secretary Hajiya Fatima Shinkafi said the forum was crucial for deepening capital market participation and fully realising the value of Nigeria’s mineral resources.
✨ In short: The Nigerian mining sector is gearing up for major transformation, and the capital market is seen as the bridge between potential and prosperity.