The Minister of Strong Minerals Growth, Dr Dele Alake, has made a daring assertion on the necessity for African international locations to transition from uncooked mineral exportation to mineral processing, innovation and industrialisation. An announcement signed by Segun Tomori, the Particular Assistant on Media to the Ministe…
The Minister of Strong Minerals Growth, Dr Dele Alake, has made a daring assertion on the necessity for African international locations to transition from uncooked mineral exportation to mineral processing, innovation and industrialisation.
An announcement signed by Segun Tomori, the Particular Assistant on Media to the Minister of Strong Minerals Growth, made out there to TVC on Sunday, disclosed that Minister Alake acknowledged this whereas delivering a keynote deal with on the African Mining Week in Cape City, South Africa, themed “Imaginative and prescient & Technique – Setting the stage for Minerals Industrialisation”.
Dr Alake underscored the continent’s strategic position in powering the Twenty first-century economic system via its huge mineral wealth.
“Africa’s minerals have powered industrialisation elsewhere whereas our personal economies stay under-industrialised. This paradox should finish. Our imaginative and prescient should be clear: to maneuver from extractive dependence to transformative industrialisation”
With these phrases, the Minister of Strong Minerals Growth and Chairman of the African Minerals Technique Group (AMSG), Dr Dele Alake, made a case for a daring new imaginative and prescient to remodel Africa from a uncooked minerals provider to a worldwide hub for mineral processing, innovation, and inexperienced industrialization.
He famous that Africa is house to a number of the richest mineral deposits on the earth, stressing that these assets are crucial to wash vitality, digital applied sciences, superior manufacturing, and world safety.
“Our youth ought to not search jobs overseas whereas alternatives lie buried beneath their toes. The time to industrialise is now. Allow us to set the stage for an Africa that’s not only a participant within the world minerals economic system, however a driver of its future, the Minister asserted.
Throwing mild on ongoing reforms in Nigeria’s mining sector, the minister, represented by Everlasting Secretary, Farouk Yabo, acknowledged that the nation is incentivising native beneficiation from gold refining to Lithium processing; Revoking dormant licenses to advertise severe funding; Strengthening governance and transparency to draw credible world companions, and constructing a nationwide crucial minerals technique.
In a associated growth, the minister addressed the ministerial roundtable of the African Minerals Technique Group (AMSG) on the sidelines of the mining week, highlighting Nigeria’s efforts to create a $1 trillion economic system by 2030.
His phrases, ” We’re investing in digitising mining processes from knowledge accessibility to mineral traceability. We’re additionally specializing in bequeathing sturdy establishments and the best insurance policies to drive reforms, therefore the continuing efforts to amend the 2007 Minerals and Mining Act to offer a extra strong legislative framework that may propel investments within the mining sector”.
He emphasised Nigeria’s dedication to making sure traceability from mining to monetisation, affirming that the nation’s minerals are set to return from two sources: licensed holders or a vendor and provider shopping for from Artisanal and Small-scale Miners (ASM) who’re registered and formalised.
Echoing the feelings expressed by the Democratic Republic of Congo (DRC), Alake burdened that African international locations should prioritise mapping their mineral assets to raised perceive the situation and scale of deposits.
“After nationwide mapping, it’s the responsibility of nations to make sure solely licensed operators are mining. We should additionally construct ample capability for efficient supervision,” he mentioned.
Nigeria was additionally ably represented on the nation highlight session, the place the Everlasting Secretary gave a presentation on Funding alternatives within the stable minerals sector, highlighting key reforms, incentives for investments, and a synopsis of the nation’s mineral endowments.
The African Mining Week was attended by Mining & Minerals Ministers from DRC, Zimbabwe, and Sierra Leone. Nigeria, Gambia, and Ghana despatched representatives, while main non-public sector gamers on the continent additionally graced the convention.
