Tinubu assures investors of unhindered business environment in Nigeria’s mining sector

President Bola Ahmed Tinubu has assured investors in Nigeria’s mining sector of a good business environment.

Tinubu, represented by Secretary to the Government of the Federation (SGF), Senator George Akume, disclosed this at Abuja’s 8th edition of the Nigeria Mining Week organised by Africa Finance Corporation and Solid Minerals Development Fund.

Speaking on the theme: “Capitalising on Nigeria’s critical mineral resources for its economic growth, ” harped on the mining industry’s potential.

He said: “This year, themes of the mining week underscore the federal government’s commitment to sustainable development and collaboration within the mining industry, with a special focus on maximising Nigeria’s mining potential, while stating that the devolution of the Ministry of Mines and Steel Development is to demonstrate the resolve of the federal government to improve its contributions to the development of the economy of the country.

“The government will continue to ensure a good business environment for investors to invest in the sector by ensuring policy consistency and adequate security.

“Nigeria is known for its oil and gas, which is a fraction of its blessed natural resources, and there is a need for Nigeria and Africa to diversify and develop other sectors to harness their potentials.”

In his remarks, Minister of Solid Minerals Development, Oladele Alake, said the ministry has commenced a new direction by articulating a seven-point transformation agenda, which focuses on establishing the national mining company.

Alake said: “The mining industry is undergoing a technological revolution, and Nigeria is not left behind in embracing these innovations. We recognise the importance of incorporating cutting-edge technology into our mining operations to enhance efficiency, safety, and environmental sustainability. From drone-based surveying to remote-sensing technology, we actively explore avenues to modernise our mining practices.

“Furthermore, we are collaborating with research institutions and industry experts to develop innovative mineral exploration and extraction solutions. On a recent visit to Australia to attend the Africa Down Under Conference, our engagements led to an understanding with the government to train our geologists in modern mining practices.

“These partnerships aim to improve our geological knowledge, leading to more accurate resource assessments and a better understanding of our mineral potential. By harnessing the power of data and technology, we can make informed decisions that benefit both investors and our nation’s development”, he stated.