Minister of Solid Minerals, Mr. Dele Alake, Unveils Ambitious Plan to Boost Nigerian Economy by 50%.

Minister of Solid Minerals, Mr. Dele Alake, Unveils Ambitious Plan to Boost Nigerian Economy by 50%.

In a groundbreaking announcement during the unveiling of the 'Agenda for the Transformation of the Solid Minerals for International Competitiveness and Domestic Prosperity' in Abuja on Sunday, Minister of Solid Minerals, Mr. Dele Alake, declared an ambitious plan to infuse vitality into the Nigerian economy. The minister revealed that the Ministry of Solid Minerals is poised to contribute significantly by adding at least 50% to the country's economy.

This ambitious target will be pursued through a comprehensive seven-point agenda that focuses on reinvigorating the solid minerals sector. The key components of this agenda are as follows:

Establishment of Nigerian Solid Mining Cooperation: A cooperative approach to mining activities to enhance efficiency and coordination within the sector.

Joint Ventures with Mining Multinationals: Collaborative efforts with global mining giants to leverage their expertise and resources for mutual benefit.

Big Data on Specific Seven Priority Minerals: Utilization of data-driven insights to optimize the exploration and extraction of seven priority minerals.

30-Day Grace for Illegal Miners to Join Artisanal Cooperatives: A grace period extended to illegal miners to transition into formal artisanal cooperatives, thereby regulating and legitimizing their operations.

Mines Surveillance Task Force and Mine Police: Enhanced security measures to safeguard mining operations and prevent illegal activities.

Comprehensive Review of All Mining Licenses: A thorough examination of existing mining licenses to ensure compliance and fairness in the sector.

Creation of Six Mineral Processing Centres: Establishment of six Mineral Processing Centres dedicated to adding value to mineral products, ultimately boosting their competitiveness in domestic and international markets.

The minister's vision and commitment to this transformative agenda have generated optimism within the solid minerals sector. If successfully implemented, these initiatives have the potential to not only bolster Nigeria's economy but also position the nation as a formidable player in the global mining industry.

The unveiling of this strategic plan marks a significant step towards harnessing the immense potential of Nigeria's solid minerals sector, which has long been underutilized. It underscores the government's determination to diversify the economy and reduce its dependence on oil revenues, highlighting the importance of sustainable mining practices in achieving these goals.

Nigeria's journey toward economic revitalization through its solid minerals sector is now set in motion, with Mr. Dele Alake at the helm, steering the nation toward a more prosperous and competitive future.