🗣 Nigeria’s Mining Sector Enters New Chapter – Tinubu
President Bola Tinubu declared the solid minerals sector pivotal to Nigeria's economic growth at the 9th Nigerian Mining Week in Abuja. Represented by the Minister of Innovation, Science, and Technology, Uche Nnaji, Tinubu highlighted efforts to modernize mining laws, enhance infrastructure, and promote sustainability under the Renewed Hope Agenda.
Key Achievements & Goals:
Progress Against Illegal Mining: Over 300 illegal miners, including foreign nationals, have been arrested and prosecuted. Plans for mining marshals and satellite monitoring aim to bolster enforcement.
Sector Growth: In 2023, solid minerals production reached 95.07 million tonnes, generating ₦9.01 billion in royalties. Exports rose to 4.32 million metric tonnes, valued at ₦117.29 billion.
Infrastructure Investments: Improved transportation, energy, and digital infrastructure are positioning Nigeria for global competitiveness.
Focus on Host Communities: Plans to enhance welfare and collaboration with stakeholders aim to unlock the sector's full potential.
Appeals and Recommendations:
Miners Association of Nigeria: Urged respect for constitutional governance of mineral resources and pragmatic regulatory frameworks.
Legislative Support: Senate and House Committee Chairs emphasized the need for increased funding to drive productivity and economic diversification.
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President Bola Tinubu declared the solid minerals sector pivotal to Nigeria's economic growth at the 9th Nigerian Mining Week in Abuja. Represented by the Minister of Innovation, Science, and Technology, Uche Nnaji, Tinubu highlighted efforts to modernize mining laws, enhance infrastructure, and promote sustainability under the Renewed Hope Agenda.
Key Achievements & Goals:
Progress Against Illegal Mining: Over 300 illegal miners, including foreign nationals, have been arrested and prosecuted. Plans for mining marshals and satellite monitoring aim to bolster enforcement.
Sector Growth: In 2023, solid minerals production reached 95.07 million tonnes, generating ₦9.01 billion in royalties. Exports rose to 4.32 million metric tonnes, valued at ₦117.29 billion.
Infrastructure Investments: Improved transportation, energy, and digital infrastructure are positioning Nigeria for global competitiveness.
Focus on Host Communities: Plans to enhance welfare and collaboration with stakeholders aim to unlock the sector's full potential.
Appeals and Recommendations:
Miners Association of Nigeria: Urged respect for constitutional governance of mineral resources and pragmatic regulatory frameworks.
Legislative Support: Senate and House Committee Chairs emphasized the need for increased funding to drive productivity and economic diversification.
Nairaland Pulse News | Subscribe