3 weeks ago
7
Nigerian authorities envisions a diversified system successful which mining volition lend arsenic overmuch arsenic lipid and state by the adjacent 10 years.
President Bola Tinubu stated this connected Tuesday successful a keynote code successful Abuja astatine the 10th variation of Nigeria Mining Week 2025.
Latest information amusement that lipid accounts for astir 4.05 per cent of the country’s Gross Domestic Product (GDP) arsenic of the 2nd 4th of 2025, portion the coagulated mineral manufacture contributed 4.61 per cent to GDP astatine the aforesaid period. However, lipid contributes astir 65 per cent of authorities gross and implicit 85 per cent of export earnings.
Tinubu, who the Secretary represented to the Government of the Federation (SGF), Senator George Akume, reaffirmed his government’s committedness to diversifying the Nigerian economy, declaring that Nigeria would ne'er again beryllium connected 1 mineral assets for its sustenance.
He said: “In this celebratory moment, I invitation america to look to the future. Imagine a Nigeria a decennary from now, a Nigeria wherever the publication of mining to our GDP rivals that of oil, wherever the alloy mills successful Kaduna and Katsina hum with activity, wherever Nigerian-made batteries, star panels, and precious metallic products are being exported worldwide, proudly stamped ‘Made successful Nigeria’.
“Imagine a Nigeria wherever a golden excavation successful Zamfara supports a jewellery manufacture successful Abuja, wherever the tin of Plateau feeds physics factories successful Lagos, and wherever the limestone of Ogun becomes the cement that builds our cities. This is not a distant dream; it is an achievable vision, and we are already connected the way to realising it.
“Nigeria has nary crushed to beryllium poor, not erstwhile God has blessed our onshore with abundant resources and talented people. Our situation is to harness these God-given potentials to bring prosperity to all.
Let america crook our minerals into miracles of development. Let america marque ‘From Minerals to Miracles’ our rallying cry, converting our earthy wealthiness into lasting progress.”
According to him, his medication has made the highest concern successful coagulated minerals of immoderate erstwhile authorities and has implemented bold reforms that person started to output fruit. Earnings from the assemblage person importantly boosted, rising from N6bn to N38bn successful the past 2 years.
He said: “We made the historical determination to summation the 2025 nationalist fund by N4.5 trillion, with an other N1 trillion earmarked for the coagulated minerals sector. This is the administration’s astir important concern successful Nigeria’s mining industry. These funds are being channelled towards geoscientific exploration, elaborate geological surveys, and the improvement of captious infrastructure to unlock our mineral-rich regions.
“Already, our reforms person led to a melodramatic upswing: successful 2024, the coagulated minerals assemblage generated implicit N38 cardinal successful revenue, up from N6 cardinal the erstwhile year—a six-fold summation achieved done improved argumentation and oversight.”
According to him, the event’s theme, “Nigeria Mining: From Progress to Global Relevance,” marks the nation’s travel towards economical renewal and is simply a testament to what collaboration tin execute implicit a decade.
Tinubu expressed his administration’s imaginativeness of processing the economy, with the mining assemblage arsenic the cardinal to the plan.
“When our medication assumed office, we pledged a Renewed Hope Agenda to revitalise Nigeria’s system and marque prosperity inclusive. Central to that docket is the urgent task of economical diversification, gathering caller pillars of maturation beyond oil. The coagulated minerals and mining assemblage is 1 of those cardinal pillars. Nigeria is blessed with abundant commercially viable minerals, yet these resources person been underutilised for excessively long, and they hardly lend to our GDP. We tin nary longer judge this portion our radical question jobs and development.
“Our docket prioritises section worth creation, occupation growth, vigor access, and economical resilience. We are determined to make an system that works for each Nigerians—where industries process our earthy materials present astatine home, tiny businesses thrive successful planetary proviso chains, and millions of dignified jobs are created for our youth. The mining assemblage is captious to this vision, stimulating section industries, creating employment opportunities, and generating gross for infrastructure and services.”
The president praised the organisers of the mining conference—the Miners Association of Nigeria, PwC and VUKA Group, the Federal Ministry of Solid Minerals Development, and others—for their dependable commitment, which has transformed the gathering into a nationalist instauration and a continental beacon of economical transformation.
He noted his administration’s efforts to thrust its imaginativeness and immoderate of its enunciated argumentation reforms.
&ld...
English (US) ·