Stakeholders to review successes and achievement in the Nigeria mineral sector during mining week

Stakeholders in the Nigerian solid minerals value chain are to discuss the opportunities, successes and achievements recorded in Nigeria during a conference to hold from 1st-3rd November, 2022.

This was disclosed in Abuja by the Minister of Mines and Steel Development, Arc. Olamilekan Adegbite during the second press briefing on the upcoming 6th edition of the Nigeria Mining Week during which he said the conference is to be held in a in-person series.

It could be recalled that on 16th August 2022, it was announced that there would be a return of the Nigeria Mining Week discourse series in-person; which promises to assemble investors, academia and Mining industry professionals across the entire mineral sector value chain.

The event which is to take place at the Abuja International Conference Centre has the theme: “Successes and achievements in the Nigerian mining sector” and will highlight the giant strides of this administration through the Mineral Sector as one of the cardinal drivers of the diversification Agenda.

“One of the key issues to be discussed would include the vital mineral resources of the future which are the building blocks for many technologies providing us with green renewable energy, while allowing us to keep in line with the Environmental, Social and Governance (ESG) global standards. We shall also deliberate on the acquisition of bankable geoscientific data, the efficient and transparent mineral title administration processes, as well as downstream opportunities in the Mining Sector and the Nigerian Mineral value-chain Regulations, 2021.

“Indeed, the future minerals are globally recognized as vital for the economic wellbeing of the world’s major and emerging economies, as they are essential for producing new energies and technologies.

“These minerals primarily comprise of copper, cobalt, lithium, nickel, platinum group minerals, and to a lesser extent, aluminum, chromium, graphite, manganese, rare earth elements, and zinc. Over the next two decades, the mineral demand from electric vehicles and battery storage is predicted to grow astronomically. Thus, the development of these minerals or the lack thereof will determine the economic strength or weakness of a developing nation like Nigeria”, the Minister emphasised.

Arc Adegbite also informed that the scope of the event would encompass the following: an overview of the current policy framework for the sustainable development of the solid minerals sector; to explore the sustainable investment opportunities available to investors in the Nigerian Mining Sector; highlight the potential and current challenges faced in the mining sector and discuss access to finance for bankable mining projects.

The rest of text of his speech reads:

The Government, in particular, has been putting all its political will and weight behind the sustainable development of the Mining Sector and I am super excited to announce that as we aim to discuss the common challenges and share our success stories, His Excellency Muhammadu Buhari, GCFR, President of The Federal Republic of Nigeria will declare the event open.

Therefore, I enjoin you all to be part of this event that would cover latest industry issues, as well as providing a springboard for new partnerships & business opportunities.

Ladies and Gentlemen, let me assure you at this juncture that Abuja is safe; the country’s entire security agencies have been deployed to ensure that all lives and property are well secured.

Finally, I wish to thank the media and to also urge them to give this event super publicity as we welcome all to the Nigeria Mining Week.

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