The Nation Newspaper Nigeria to become investor’s destination in solid minerals, Dele Alake
Minister for Solid Minerals Development, Dele Alake, said on Monday, April 29, that the Nigerian government was working to ensure that the country becomes an investor’s destination in the area of solid minerals development.
He said the government was putting in place concrete measures that would shift attention away from fossil fuels to solid minerals as a way of generating revenue for the government. Others are combating illegal mining by replacing artisanal mining with cooperative mining, value Addition through industrial processing of extracted minerals and reduction of export of raw minerals, and Human development of mining communities through enforcement of Community Development Agreements.
He said the private sector will own 50 percent of the corporation 25 percent by interested Nigerians and 25 percent by the Nigerian government, adding that the intention is to ensure that successive governments do not tinker with the gains in the sector. He said the Ministry is currently maximising networking, engagement and display opportunities at international mining conferences to market the mineral resources drawing to the country several delegations of investors who are setting up companies with the intention to intervene in the mining value chain from upstream to downstream.
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