The Federal Government of Nigeria has intensified its efforts to boost the solid minerals sector by collaborating with the World Bank. Minister of Solid Minerals Development, Dr. Dele Alake, shared the progress of this partnership on Thursday via his official X account, highlighting a hybrid meeting with World Bank specialists.
The discussion centred on Nigeria’s energy transition roadmap and the development of the critical mineral value chain. Dr. Alake stressed the importance of inter-ministerial collaboration to unlock the potential of the solid minerals sector and align it with global energy demands.
This move comes on the heels of Dr. Alake’s recent efforts to attract international investment. Last month, he urged South African investors and global mining giants to explore opportunities in Nigeria’s mining sector during the International Investment Forum and Roadshow in South Africa.
According to the minister, Nigeria’s mining sector reforms and improved business climate offer a lucrative landscape for investors. His seven-point agenda has successfully enhanced global interest, resulting in increased investments and revenue.
“Our vision is to create a mining sector where global giants like Glencore, Rio Tinto, Intro-Africa Mining and Exploration, and Rainbow Mines recognise Nigeria’s vast mineral resources. Together, we aim to optimise these resources for economic development and the benefit of our citizens,” Dr. Alake explained.
In addition to fostering partnerships, the sector has made strides in licensing efficiency. Permanent Secretary Dr. Mary Ogbe highlighted the impact of the newly introduced Electronic Mining Cadastral System (EMC+), which has fully digitised the mining licence application process, streamlining operations and fostering transparency.
This collaboration between the Federal Government and the World Bank underscores the commitment to transforming Nigeria’s solid minerals sector into a driver of sustainable development and global competitiveness.
