The Nigeria Mining Week 2024 is slated to hold in November. Speaking with Audrey Bading MVE, the program director of VUKA Group and a mining stakeholder, Penelope Masilela emphasises the value of international involvement in promoting Nigeria’s mining potential.
The Nigeria Mining Week 2024 will focus on the complex problems that the nation’s mining sector is currently confronting and how they may affect economic growth and sustainability, two factors that are essential to enhancing the quality of life for future generations.
Nigeria Mining Week, which is held from November 4–6, at the International Conference Centre in Abuja, is an important event that has helped to promote Nigeria’s mining industry both domestically and internationally for nearly ten years. According to Bading Mve, Nigeria Mining Week 2023 was a huge success, demonstrating the vital role that collaborations play in creating a sustainable future for the mining industry.
The event provided a forum for cooperation and investment in the nation’s expanding mining industry, as it brought together prominent international industry participants like Titan Minerals and Thor Explorations who shared the objective of promoting ecological growth in the field.
Bading MVe continues, “By cooperating, the public and private sectors can take advantage of their unique advantages to accomplish shared objectives and successfully handle obstacles.” The government provides legal frameworks and promotes access to resources, while the private sector contributes innovation, investment, and operational knowledge. Stakeholders can navigate the sector more effectively and efficiently because of this teamwork.
One noteworthy instance of successful cooperation that was on display at Nigerian Mining Week was the alliance between SMDF, Xcalibur, and AFC, which inked a cooperation agreement to expand their cooperation to improve the country’s geological data availability, map its subterranean mineral resources, and develop a publicly accessible database. The goal of this initiative is to draw in investments for Nigeria’s mining industry from a variety of domestic and foreign stakeholders.
Together, they provided an example of how the public and private sectors may work together to promote the mining sector, spur economic expansion, and strengthen local communities. This action was a critical turning point in the nation’s attempts to draw in foreign capital and encourage ethical resource development. This cutting-edge tool powers exploration efforts and helps investors make decisions by giving them access to vital information.
