Honourable Minister of Solid Minerals Development, Mr. Dele Alake, has said Nigeria’s substantial mineral wealth, estimated at $750 billion.
He made this revelation during a recent two-day national stakeholders’ roundtable on sustainable development of the mining industry in Abuja.
Mr Alake emphasised the government’s commitment to attracting investment in solid minerals development, highlighting the potential for the mining sector to significantly contribute to Nigeria’s goal of achieving a trillion-dollar economy.
He stressed the importance of accurate data to attract investors and create employment opportunities.
Mr. Alake also outlined ongoing reforms aimed at revitalising the sector, including the establishment of the Nigerian Solid Minerals Corporation.
Governor Abdullahi Sule of Nasarawa State praised the reforms, noting the importance of private investment in driving sectorial growth, particularly in lithium processing.
The summit, organised by the National Institute for Policy and Strategic Studies, aimed to chart a path forward for the mining sector in contributing to Nigeria’s economic ambitions.
