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FG aims for economic diversification through mineral sector boost-Alake

Alake highlighted the government's intention to transform the solid minerals sector into a significant contributor to the country's GDP

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Dele Alake, the Minister of Solid Minerals Development, has reiterated the commitment of the Federal Government to economic diversification, leveraging the mineral sector to enhance revenue. The statement, released on Monday by the ministry’s Head of Press and Public Relations, Alaba Balogun, conveyed the minister’s remarks during a visit by a delegation from the Miners Association of Nigeria, in anticipation of the Nigeria Mining Week.

Alake emphasized, “Our vision is to make solid minerals our pride, a major contributor to Nigeria’s Gross Domestic Product. We will diversify from oil, to exploit it for the survival of Nigeria. This is our own contribution to climate change.” He highlighted the government’s intention to transform the solid minerals sector into a significant contributor to the country’s GDP.

Additionally, Alake mentioned that the Federal Government is implementing policies to streamline the mining sector, revamp the regulatory framework, and create a more favorable environment for both local and foreign investors.

The delegation from the Miners Association of Nigeria was headed by its National President, Dele Ayanleke. The visit aimed to discuss collaborative efforts and strategies to promote the growth and sustainability of the mining industry in Nigeria.

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