Nigeria’s Minister of Solid Minerals Development, Dele Alake, called for global investment in the country’s mining sector during the Mines & Money Conference. He highlighted the use of new digital geo-data platforms to provide better access to the nation’s mineral resources, announced plans for increased geological research, and invited major mining companies to partner with the government to enhance investment opportunities.
In a recent address at the annual Mines & Money Conference held in Islington, United Kingdom, Nigeria’s Solid Minerals Development Minister, Dele Alake, emphasized the country’s commitment to attracting global investment in its mining sector. He invited investors to utilize Nigeria’s advanced geo-data platforms, which provide comprehensive insights into the nation’s mineral wealth. Furthermore, Alake announced the government’s intention to enhance geological research funding and capitalize on findings from both private and public entities, aiming to build a robust database of mineral resources.
During his speech, Minister Alake highlighted three primary digital platforms designed to facilitate better access to Nigeria’s geological data: the Nigerian Mineral Decision Support System (NMRDSS), the Electronic Mining Cadastral (EMC+), and the National Geo-Data Centre. The NMRDSS enables investors to access geo-scientific information, allowing them to conduct detailed analyses of mineral occurrences and make informed decisions regarding mining initiatives. Alake noted, “By providing publicly available data about the geology and mineral wealth of Nigeria…this dynamic resource…enables investors to explore the environment of their chosen mineral occurrences. It answers queries on hydrology, demography, geography, urban planning, and transportation.”
The minister further elaborated on EMC+, describing it as a real-time online system that administers mineral titles efficiently and transparently. He stated, “This means investors can research and plan their application for titles remotely, as long as they have the necessary data for the application process.” Alake underscored the significance of acquiring geological data to augment the value of these platforms, assuring that the current administration under President Bola Tinubu is dedicated to this goal.
Additionally, Alake praised the contributions of African geoscientists who have established a new coding system to authenticate research reports, emphasizing the importance of quality data. He advocated for value addition and beneficiation within the mining value chain, asserting that Nigeria has emerged as a significant supplier of critical minerals to the global market. He stated, “The deliberate investment in accurate geoscientific data…has positioned Nigeria as a key player in the global transition to a green economy.”
In conclusion, the Minister encouraged major mining firms to collaborate with the Tinubu administration in diversifying the economy through the solid minerals sector. He articulated a compelling vision for the future of Nigeria’s mining industry, inviting global decision-makers to participate in this transformative endeavor: “The future of Nigeria’s solid minerals is brimming with promise… Our doors are open to partnerships, and we invite you to join us on this transformative journey.” Chief executives from several prominent mining companies were present at the conference, underscoring the growing international interest in Nigeria’s mineral potential.
Nigeria is rich in natural resources, particularly solid minerals, which have garnered increasing interest from global investors. The government’s acknowledgment of the need for advanced technology in the mining sector reflects a strategic move to enhance transparency and accessibility of crucial data to potential investors. By adopting digital platforms, Nigeria is positioning itself as an attractive destination for investment in mining, promoting sustainable practices and aiming to become a significant player in the global minerals market.
In summary, Nigeria’s solid minerals sector is poised for growth through strategic investments in geo-data platforms and enhanced transparency. Minister Dele Alake’s appeal to global investors highlights the nation’s efforts to improve its mining framework and attract foreign partnerships. With a firm commitment from the current administration, the mineral-rich country is positioning itself as a vital player in the global transition to sustainable economic practices.
Original Source: punchng.com
