Miners Association of Nigeria Calls for Investment Security

The Miners Association of Nigeria has identified insecurity around mining corridors and regulatory confusion between the Federal Government and subnational authorities as significant barriers to attracting investments in the country's solid minerals sector. President Oba Ayandele Ayanleke emphasized the need to address these challenges to instill investor confidence during the opening of the 11th Nigeria Mining Week in Abuja.

He advocated for stronger partnerships, predictable regulations, safer mining operations, and local processing of minerals to unlock the sector's economic potential. Ayanleke highlighted that bringing together local and international stakeholders would foster the exchange of ideas and investment necessary for industry growth.

He noted the importance of resolving regulatory disagreements to provide a clear vision for investors. Austin Menegbo, Country Manager of Segilola Resources Operating Limited, echoed these concerns, stating that Nigeria requires more commercially viable mining projects to convert its mineral wealth into sustainable economic benefits.