President Bola Ahmed Tinubu
@officialABAT has directed the Federal Ministry of Solid Minerals Development
@Solid_Min_Dev to issue mining licenses only if they are linked to local value addition. This move aims to engage young Nigerians in economic activities, enhancing skills and contributing to national development.
During the African Natural Resources & Energy Investment Summit 2024 in Abuja,
@officialABAT, represented by Vice President Kashim Shettima
@KashimSM, emphasised the administration's commitment to creating a business-friendly environment that promotes local processing of solid minerals before export.
"We must stop the loss from exporting raw minerals. Our goal is to ensure our youth are actively involved in economic activities and contribute to Nigeria's foreign exchange earnings," said
@officialABAT.
Highlighting plans to make Nigeria a leader in critical metals,
@officialABAT praised the formation of the African Minerals Strategy Group, with Nigeria as its first chair.
"We aim to set new standards in mining and ensure Africa gets a fair share in supplying the world with critical metals," he added, also noting Nigeria's $2 billion investment in renewable energy and the push for locally produced solar panels and batteries.
Minister of Solid Minerals Development, Dr. Dele Alake
@AlakeDele, introduced the Renewed Hope Agenda, focusing on reforms to attract investors and transform the solid mineral sector into a cornerstone of Nigeria's economic diversification.
Dignitaries at the summit included the Senator representing Niger East Senatorial District, Mohammed Sani Musa; Minister of State for Environment, Dr. Ishaq Salako; Minister of State for Steel Development, Mr. Uba Maigari Ahmadu, and Permanent Secretary in the Ministry of Solid Minerals Development, Dr. Mary Ogbe.
Others were Minister of Mines and Mineral Resources of Sierra Leone, Julius Mattai; Minister of Mining of South Sudan, Martin Gama Abucha; Minister of Mining of Malawi, Monica Chang'anamuno, MP; Minister of Mines and Energy of Liberia, Wilmot Paye; Deputy Minister of Petroleum, Mines and Geology of Chad, Oumar Moussa, and representatives of the governors of Abia, Ebonyi, Taraba, Kwara, Enugu, Nasarawa and Akwa Ibom States, among others.
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