Value Addition Crucial for Nigeria's Mining Sector Growth

Dr. Oladele Alake, the Minister of Solid Minerals Development, stated that value addition is crucial for unlocking Nigeria's mining potential.

He reiterated the Federal Government's commitment to transforming the mining sector into a major driver of industrialization, job creation, and economic growth. Alake highlighted the need for reforms that create an investor-friendly environment to establish processing industries that retain value within Nigeria rather than exporting raw materials.

He acknowledged the past three years of reforms aimed at improving investor confidence, enhancing security, and ensuring transparency in mining practices. Alake praised the collaboration with the Nasarawa State government, led by Governor Abdullahi Sule, which has attracted significant investments, including the Diamond New Energy project.

He expressed optimism about future investments, particularly from Chinese investors, and called for stronger collaboration among government, investors, and host communities to foster mutual trust and sustainable development in the mining sector.