Dele Alake, the Minister of Solid Minerals has said that Nigeria is looking at diversifying the economy and is hoping that the ministry contributes at least 50% to the nation's GDP.
He stated this during the unveiling of the 'Agenda for the Transportation of the Solid Minerals for International Competitiveness and Domestic Prosperity' on September 3, 2023, in Abuja. He went on further to say that the ministry will focus on a seven-point agenda which will include the creation of the Nigerian Solid Minerals Corporation, Joint Ventures with Mining Multinationals, Big Data on specific seven priority minerals and their deposits, 30-day grace for illegal miners to join artisanal cooperatives, Mines Surveillance Task Force and Mine Police, Comprehensive review of all mining licenses and the creation of six (6) Mineral Processing Centres to focus on Value-Added products.
He said,
- President Bola Tinubu has taken firm, courageous decisions that have reset the logic of the Nigerian economy. The removal of subsidy and the adoption of a single exchange rate are among the fundamental transformational policies of this administration. This radical approach to making the economy resilient in the long term is the guiding principle of the management of the Ministry.
- The Ministry has to take the bull by the horns if the country must reap the harvest of the trillion dollars worth of minerals under the ground across the country. To achieve this laudable objective, there has to be a paradigm shift in the strategy by re-positioning the sector in terms of the human and capital factors that can drive its transformation.
Read more: https://www.investingport.com/dele-...ibution-from-nigerias-solid-mineral-industry/