Our Mineral Sector Has Started Attracting International Interest– Dele Alake Discloses

In The News: Minister of Solid Minerals Development, Dele Alake has revealed that Nigeria’s solid minerals sector has started attracting significant international interest as foreign investors showing a keen desire to key into the country’s mineral resources industry... Continue Reading

He also said that President Bola Tinubu had expressed his commitment to increase funding for the sector through the ministry.

The minister, who spoke at the close out session of the Nigeria Mining Week 2023 yesterday in Abuja, explained that the funding will facilitate the generation of essential big data to further provide both local and foreign investors with information to make decisions and judgments about areas of operation.

He stressed that lack of funding and data deficiency, among other challenges, were major stumbling blocks in the sector.

He said: “ On our part, I can assure you that the president has given his pledge to increase funding into this sector through the Federal Ministry of Solid Minerals Development.

“With such funding, we can then embark on those very significant steps that we need to take going forward, such as generating the big data, without which we cannot begin to talk about any serious implementation or execution of policies or attracting the much needed foreign investment.

“ So, moving forward, we are going to invest heavily in big data generation efficient data that would enable investors both local and foreign to make informed decisions and judgments for areas where they want to operate. To learn, let them know what is where and how.

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We must not rely on foreign technology but also our own technology.

Before the advent of foreign technology, our forefathers developed techniques to harness oir mineral resources.

The government must do all they can to support and improve local technologies.